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Daily Archives: Aug 27, 2012

HSBC Bank Armenia’s net profit in the first half totaled AMD 3.5 billion

Banks
HSBC Bank Armenia said its net profit in the first half of the year totaled AMD 3.5 billion, increasing by AMD 765 million or 28 % as compared to the same period of 2011

VTB Bank (Armenia) posts highest operating profit for first half

Banks
The Russian-owned VTB Bank (Armenia) posted the highest operating profit for the first six months of the year, according to its press release, sent to ARKA

Areximbank-Gazprombank Group financed travel expenses of syrian armenian children coming to Armenia

Banks
Areximbank-Gazprombank Group CJSC said Monday it had financed travel expenses of Syrian Armenian children arriving in Armenia from Syria

Armenia’s interest rates on deposits slash 0.2 p.p. to 9% in July

Banks
An average interest rate on deposits in Armenia slashed 0.2 p.p. to 9% in July from a month earlier, according to the data published on Armenian Central Bank’s website

Armenia: Forex market review for August 20-24

Interviews
Last week the U.S. dollar’s average weighted exchange rate at NASDAQ OMX Armenia stock exchange dropped by 0.49% to 409.50 drams with weekly trading amounting to USD 8.65 million

Moody’s upgrades South Korea’s rating on strong economic resilience

Economy
Moody's Investors Service on Monday upgraded South Korea's credit rating, citing a high degree of

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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