Daily Archives: Jun 7, 2011

Karen Zakarian appointed as acting director general of NASDAQ OMX Armenia

Karen Zakarian was appointed June 1 as acting director general of NASDAQ OMX Armenia stock exchange, the stock exchange said in a statement today.

Armenia’s commercial banks indicate most significant factor in banking system in 2011-2013

Armenia's commercial banks indicate most significant factor in banking system in 2011-2013.

Individual money transfers to Armenia through banks in Jan.-April grow to $357 million

Individual money transfers to Armenia through the banking system in the first four months of 2011 showed a 23.8% rise from a year before to $357 million.

Armenia’s Central Bank keeps its refinancing rate unchanged at 8.5%

The Central Bank of Armenia said today in a press release that its Board has decided to leave the benchmark refinancing rate unchanged at 8.5%.

Average Interest Rates On Long-Term Deposits For Legal Persons Decrease

Average interest rates on long-term deposits (placed for more than 12 months) for legal persons decreased in April if compared to March by an average 2.25 percentage points

HSBC Bank Armenia Celebrates Fifteen Years In Armenia

HSBC Bank Armenia, the first international bank to operate in the country, is celebrating 15 years in Armenia, the bank said in a press release.

Areximbank –Group of Gazprombank intends to issue chip-cards by the end of the year

By the end of the year “Areximbank-Group of Gazprombank” will start to issue chip-cards, said Deputy General Director of the bank Ruben Khachatryan.

One of the highest inflations in CIS countries – 5% recorded in Armenia

Armenia recorded one of the highest inflations among CIS countries – 5% compared with December 2010.