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Daily Archives: Aug 18, 2011

Government increases interest free promissory note of CBA to 77.5 billion drams

The Armenian government passed Thursday a decision to replace an interest free promissory note of 55.6 billion drams issued previously to the CBA with a bearer promissory note of 77.5 billion drams.

Armenian Banks Post 27% Increase In Net Interest Income For The First Half

Armenian commercial banks posted a 27% increase in their net interest income for the first half of this year that was said to have amounted to 47.8 billion drams.

World Bank To Increase Funding For Armenia By $55 Million

Armenian prime minister Tigran Sarkisian said today the World Bank has decided to increase funding for Armenia in the amount of $55 million.