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Daily Archives: Aug 7, 2012

Capital outflow from Armenia to offshore area totals $2.2 bln since 1993- research

Armenia’s capital outflow to offshore regions outside the CIS since 1993 has totaled $ 2.2 billion (36% of the foreign debt, $6.1 billion), Russian Business Newspaper informs referring to The Price of Offshore Revisited

Armenia’s lending to residents ups 3.4% to Amd 1453 bln in June

Armenia’s residents received 1 453 billion drams in loans allocated by the commercial banks as of June 30 (increase by 3.4% from May), according to the data available on the Central Bank’s website