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Daily Archives: Nov 23, 2012

Armenian company participate in HSBC’s Dubai-Ghosted international conference

An Armenian company participated in Dubai-hosted International Exchange conference, organized by HSBC Commercial Banking, HSBC Bank Armenia said in a press release

Loan repayment system successful at VTB Bank (Armenia)- CEO Gusev

Loan repayment at VTB Bank (Armenia) proved to be more successful this year than a year earlier, Director General- Chairman of the Board of Directors at VTB Bank (Armenia) Yuri Gusev said in response to ARKA agency’s question

Insufficient capitalization of banks in Armenia one of factors hobbling banking system development

Insufficient capitalization of banks in Armenia is one of the factors hobbling development of the country’s banking system, Yuri Gusev, VTB Bank (Armenia) CEO and chairman of the bank’s directorial board, said Friday at a news conference

Armenian insurance companies net profits for nine months slash by 48 percent to 1.2 billion drams

Net profits of Armenian insurance companies in January-September 2012 contracted by 48 percent from a year before to about 1.2 billion drams

Combined assets of Armenian insurance companies in Quarter 3 drop by 2.3 percent

The combined total assets of Armenian insurance companies in the third quarter of 2012 dropped by 2.3% from the previous quarter to over 37.9 billion drams, according to an analysis made by ARKA news agency

Combined assets of Armenian insurance companies in Quarter 3 drop by 2.3 percent

The combined total assets of Armenian insurance companies in the third quarter of 2012 dropped by 2.3% from the previous quarter to over 37.9 billion drams, according to an analysis made by ARKA news agency

ARKA News Agency publishes its “Insurance companies of Armenia” quarterly newsletter

ARKA News Agency published its regular quarterly newsletter “Insurance companies of Armenia” for the third quarter of 2012

Top ten banks with highest paid jobs in Armenia

ARKA Agency has ranked ten Armenian banks with highest banking salaries as of the end of September, 2012.

VTB Bank (Armenia) expects year-end earnings to rise to 4.5 billion drams

VTB Bank (Armenia) expects its year-end earnings to rise to 4.5 billion drams, its chief executive officer Yuri Gusev said today

Average ROA of Armenia’s credit organizations hit 4.37% as of 30 September

The return on assets (ROA) of Armenia’s credit organizations reported 4.37% as of 30 September instead of the previous 4.73% as of June 30

EBRD to allocate €10.3 million loan to Armenia for cross-border infrastructure modernization

The EBRD is financing the construction of a new bridge at Bagratashen, the main border crossing point between Armenia and Georgia

About 62% of bankers surveyed by Central Bank of Armenia in 3rd Q forecast 2.5-5.5% 12-month inflation

About 62% of the bankers surveyed by the Central Bank of Armenia in the third quarter forecasted 2.5-5.5% 12-month inflation