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Monthly Archives: October, 2011

Central Bank of Armenia to place 4 billion drams worth government bonds in November

The Central Bank of Armenia said last Friday it plans to place 4 billion drams worth government treasury bonds in November.

Banks Of Armenia Have Sold Dollars More Than Bought In Inter-Banking Market From October 24-28

In inter-banking market of Armenia from October 24-28 the banks sold about $86.4 million by weighted average rate of 378.54 drams per $1

Deposits in banks increase by 2.6% to 876.9 billion drams

Deposits in banks increase by 2.6% to 876.9 billion drams

Armeconombank to borrow $5 million from BSTDB for supporting small businesses

Armeconombank to borrow $5 million from BSTDB for supporting small businesses.

More than half of Armenians expect dram to continue devaluation this year

More than half of respondents of an online survey at www.armbanks.am expect the national currency, the dram, to devaluate this year.

Outstanding credit portfolio of Armenian banks increase by 2.9% to 1.179.3 trillion drams

Outstanding credit portfolio of Armenian banks increase by 2.9% to 1.179.3 trillion drams.

German Commerzbank approves unsecured loan for Armenian Ameriabank

German Commerzbank approved a large unsecured and unwarranted loan for Armenian Ameriabank (bilateral credit), the press service of the Armenian bank said to ARKA.

Bank VTB (Armenia) launches remote-control system for serving individuals’ SMS-banking accounts

Bank VTB (Armenia) has launched a remote-control system for serving individuals’ SMS-banking accounts.

Government budget handled with AMD 16.3-billion deficit in Jan-Sept 2011

Government budget handled with AMD 16.3-billion deficit in Jan-Sept 2011.

World Bank will help Armenia to improve and strengthen its capacities to confront external shocks

World Bank will help Armenia to improve and strengthen its capacities to confront external shocks.

World Bank expects Armenia’s GDP to grow by 4.5% in 2011

The World Bank expects Armenia’s GDP to grow by 4.5% in 2011, World Bank Country Manager for Armenia, Jean-Michel Happi, said to a news conference today.

Foreign currency deposits are the most popular among the population of Armenia in September

Foreign currency deposits are the most popular among the population of Armenia in September.