Monthly Archives: February, 2013

Moody International confirms ROSSGOSSTRAKH ARMENIA meets international standards

Moody International revealed no inaccuracies in ROSGOSSTRAKH ARMENIA company’s operation during its audit, the company reported to ARKA on Thursday

Prize worth one million distributed between 6 deposit holders of Conversebank

Six deposit holders of Conversebank shared a prize fund of 1 million drams in the bank’s “Chance” special offer, the bank’s press service reported

Armenia’s money supply shrinks by 1.9% to over AMD 1.320.1 trln in January

Money supply of Armenia dropped by 1.9% to over 1.320.1 trillion drams late January from December

Armenia’s gross international reserves down 1.7% to $1 768 mln in January

Armenia’s gross international reserves fell by 1.7% to $1 768 million in January 2013 from December, Central Bank of Armenia posted Thursday on its official website

Armenian banks’ liabilities to financial institutions grow 9.9% to 712.9bln drams in Q4

Liabilities of Armenia’s commercial banks to banks and other financial institutions exceeded 712.9 billion drams by the end of 2012, an increase of 9.9% or 64.6bln drams over the fourth quarter

VTB Bank (Armenia) starts serving social accounts within social package program

Customers of VTB Bank (Armenia) can now open social accounts at the bank within the framework of the social package program, the bank reported ARKA on Thursday

Prime-Minister: armenia’s economic growth at 7.2% in 2012

Armenia’s economic growth stood at 7.2% by the end of 2012, the country’s prime minister Tigran Sargsyan said

ANELIK BANK BOOM ENERGY VISA Classic card holders to enjoy unprecedented preferences in Yerevan’s culture centers

ANELIK BANK BOOM ENERGY VISA Classic card holders will enjoy unprecedented preferences in culture centers in Yerevan, Anelik Bank’s press office reports

Operating profit of Armenia’s Banks rose 33.7% to AMD 161 bln in 2012

Operating profits of Armenian commercial banks climbed by 33.7% to 161 billion drams at the end of 2012 from the third quarter

ACBA-CREDIT AGRICOLE BANK introduces “Convertible” deposit

ACBA-CREDIT AGRICOLE BANK announced Wednesday on roll-out of a new deposit –“Convertible.”

Trade lending by Armenia’s Banks hiked 18.1% to AMD 333.4 bln in 2012

Trade lending by Armenia’s commercial banks upped by 18.1% as of December 31 to about 333.4 billion drams from 2011

Armenia’s Central Bank projects 12-month inflation at 4.5% by end of June

Armenia’s central bank projects the 12-month inflation to rise up to 4.5% by the end of June 2013, says the regulator’s report on inflation