Mon, 7 April
20.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Armenian Armeconombank Opens New Branch in Yeghegnadzor

YEREVAN, August 6. /ARKA/. Armenian Armeconombank has opened a new branch in Yeghegnadzor, the bank’s press office reported on Wednesday.

This is the bank’s 36th branch in the country and 18th outside of Yerevan.

By opening this new branch Armeconombank has ensured its presence in all the provinces of Armenia.
“The opening of this branch was aimed at catering for the population and economic entities’ present demand for high-quality banking services,” the press release says.

The Yerghegnadzor branch will provide all the types of banking services, such as reception of time and demand deposits, extension of commercial and consumer loans, provision of payment services and financial consultations, opening and serving of banking accounts and operating of money transfers through international systems.

The branch is well-equipped for serving clients.

Armeconombank was registered on August 26, 1991.

European Bank for Reconstruction and Development holds 25%+one share and 53.4% of the bank shares belong to Sukiasyans, the family that had established the bank.

According to ARKA News Agency’s data, Armeconombank’s assets totaled AMD 45.1 billion and liabilities AMD 36.7 billion by June 30, 2010.

The bank’s total capital amounted to AMD 8.4 billion, authorized capital AMD 2.3 billion and credit portfolio AMD 24 billion by late June.

Its liabilities to clients totaled AMD 23.2 billion.

The bank’s net losses for the first half of this year totaled AMD 162.9 million. ($1= AMD 368.58). –0–

spot_img

POPULAR

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

 Inflation of 2.5% registered in Armenia in February

In February of this year, the 12-month inflation in Armenia's consumer market was 2.5%, according to a report by the National Statistical Committee (NSC) of Armenia.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

LATEST NEWS

spot_imgspot_imgspot_img