Mid-Market Rate Of Armenian Dram To Us Dollar Is 364.3 For $1 On February 7, 2011

At a meeting on Thursday, the Armenian government approved the ratification of a €6 million grant agreement with the European Bank for Reconstruction and Development (EBRD) for the Yerevan Customs and Logistics Center project.

Armenia's banking system is assessed as stable based on stress tests, and banks are reasonably well capitalized. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated this in response to a question from ARKA news agency.

The share of bad loans in the system is declining and is less than 2%. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), announced this at a final press conference.

YEREVAN, February 17. /ARKA/. Net non-commercial money transfers...

Byblos Bank Armenia has launched an online lending product, enabling customers to apply for and receive financing within minutes.