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Monthly Archives: September, 2012

HSBC CEO Thies Clemenz appointed NASDAQ OMX ARMENIA Supervisory Board Member

Mr. Thies Clemenz was appointed as NASDAQ OMX Armenia Supervisory Board Member, HSBC bank Armenia said

Anelik Bank intends to increase number of active plastic cards to 50,000 by end of this year

Anelik Bank intends to increase the number of active plastic cards to 50,000, and POS terminals to 600 by the end of this year

Grant Thornton to carry out the audit of financial statements of Central Bank of Armenia for 2012.

Grant Thornton CJSC said in a press release will carry out the audit of financial statements of the year 2012 of the Central Bank of Republic of Armenia

More than half of Armenian banks forecast 2.5 – 5.5% inflation

According to the findings of a survey of Armenian commercial banks, conducted in the second quarter of 2012 by the Central Bank to find out their forecasts about the 12 month inflation, more than 57% of banks predict a 2.5% -5.5% annual inflation

Armenia’s gross international reserves as of late August increase by $6.6 million to $1. 725.8 billion

YEREVAN, September 29. / ARKA /. Armenia’s gross international reserves as of late August increased by $6.6 million...

Consumer loans rise in July by 1.6 percent to 264.6 billion drams

The total amount of outstanding consumer loans in July increased by 1.6% to 264.6 billion drams

Mikhail Zadornov: pos-lending portfolio of VTB Bank (Armenia) amounts to more than 57 million rubles

Mikhail Zadornov, VTB24 bank president and chairman of the bank’s board, speaking Thursday at a televised conference

Central Bank registers two branches of Rosgosstrakh Armenia insurance company

The Central Bank of Armenia governor, Arthur Javadyan, ordered to register two new branches of Rosgosstrakh Armenia insurance company

VTB Bank (Armenia) expects $10 million in profits this year

VTB Bank (Armenia) expects its share of retail lending to grow to 20% from the current 14 percent

Zadornov: VTB Bank (Armenia) holds 15% at CIS retail lending market

VTB Bank (Armenia) holds 15% at CIS and Georgia’s retail lending market, Mikhail Zadornov, VTB24 bank president and chairman of the bank’s board

Borrowers in Armenia increasingly showing favor to national currency

Yuri Gusev, acting CEO of VTB Bank (Armenia) and the chairman of the bank’s directorial board, speaking Thursday at

Armenian cabinet approves 2013 draft budget

The Armenian government has approved today a draft budget for 2013, which calls for 1.059 trillion drams in consolidated revenue and 1.183 trillion drams in spending. The projected budget deficit is 124 billion drams