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Daily Archives: Feb 25, 2011

Ovsyannikov: VTB Bank (Armenia) Has No Intention To Open New Branches Now

VTB Bank (Armenia) has no intention to open new branches for the time being, but it will discuss the matter, if necessary, said Valery Ovsyannikov.

Armenian Banks Purchase $75 Million This Week

Banks purchased $75 million at AMD 364.65 per one dollar at Armenia’s intra-bank forex over the period between February 21 and 25

Ameriabank’s Individual Time Deposits Grew 69% Last Year To 26 Billion Drams

Ameriabank said today the overall volume of its time deposits placed by individuals grew by 69% last year to 26 billion Drams.

Combined credit investments of Armenian banks grew last year by 26.7%

The combined credit investments of Armenian banks, including deposits, factoring and leasing, grew last year by 26.7% or 203.7 billion Drams to 993.9 billion Drams.

Ingo-Armenia pays 9 million drams in January in compensation to its clients

Ingo-Armenia insurance company said it had paid 9 million Drams last month in compensation to its clients who have bought its car insurances.

Ingo Armenia opens two new branches

Ingo Armenia insurance company said it has opened two more branches Demirchian and Piazza Grande.

Time deposits of individual customers and private entrepreneurs in Armenian banks surge by 22.3% in 2010

The volume of time deposits of individual customers and private entrepreneurs in Armenian banks surged by 22.3% in 2010 to 303.3 billion Drams.