Armenian crediting organizations’ assets up by 1.2 percent in April

YEREVAN, June 25. /ARKA/. Armenia’s crediting organizations’ assets upped by 1.2% in April 2012 from the previous month to a total of 134.8 billion drams, the Central Bank of Armenia said in a report posted on its official website.

According to it, their liabilities grew by 22% from March to over 86.5 billion drams. Their balance capital was said to have grown by 0.6% from March to 48.3 billion drams. Also their surplus earnings in the first quarter of this year amounted to 552.9 million drams as opposed to 78 million drams of profits in the first quarter of 2011. There are 32 crediting organizations in Armenia. ($1 – 418.54 drams). -0-

spot_img

POPULAR

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Central Bank to Strictly Monitor Disclosure of Bond Issues – Galstyan

Central Bank of Armenia Governor Martin Galstyan stated the need to closely monitor issuers' disclosures when issuing bonds.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

LATEST NEWS

spot_imgspot_imgspot_img