Daily Archives: Oct 29, 2009

Armenia drams gains by one point against USD

Armenia drams gains by one point against USD

Capital of banks of Armenia made 258.3 billion drams

Total capital of banks in Armenia made 258.3 billion drams.

Ameriabank posts 1.1 billion drams of net profit for the first 9 months

An Armenian commercial Ameriabank said in a statement that its net profit for the first nine months of 2009 doubled from a year before to 1.1 billion Drams, the third largest net profit reported by an Armenian bank for the same time span.

Effect of bailout steps already visible in Armenia

Armenian government’s bailout measures have already produced some results, Finance Minister Tigran Davtyan said at a press conference on Wednesday.