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Daily Archives: Jun 14, 2013

VTB Bank (Armenia), Visa international and UIA offer new discount for card holders

VTB Bank (Armenia) together with Visa International payment system and Ukrainian International Airlines (UIA) have announced a 7-10 percent discount for owners of Visa Gold, Visa Platinum, Visa Business and Visa Infinite cards issued by VTB Bank (Armenia) if they use these cards to buy tickets for UIA flights until 31 December 2013

Araratbank pays 297 million as dividends

Of 3.3 billion drams earned in net profit last year by Armenian Araratbank more than 297 million drams were paid as dividends to shareholders,’ the bank’s CEO Ashot Osipyan told an annual conference of shareholders today

Armeconombank earns AMD 345.5 million in profits in 2012

Armeconombank earned AMD 345.5 million in profits in 2012 against AMD 497.3 million in 2011, Armen Naljyan, chairman of the bank’s board, told journalists on Friday

EBRD assigns confirming bank status to Armenian Araratbank

As part of its Trade Facilitation Program the European Bank for Reconstruction and Development (EBRD) has assigned the status of the confirming bank to Armenian Araratbank. A corresponding agreement was signed on Friday at the annual meeting of the bank’s shareholders

Araratbank posts 3.3 billion in net profit last year

Armenian Araratbank earned 3.3 billion drams in net profit last year, a 50.5% surge from 2011, according to its CEO Ashot Osipyan, who told an annual conference of shareholders today that the bank had over-fulfilled its strategic program by 140% achieving an increase in all indicators

Armeconombank won’t pay dividends to shareholders for 2012

Armeconombank will not pay dividends to the shareholders for 2012, said Samvel Gharibyan, member of the Board

Assets of Armenia’s investment companies in April hit AMD 25.8 bln

The assets of Armenia’s investment companies rose by 0.01% in April 2013 from March to 25.8 billion drams, the Central Bank said in its monthly newsletter

Securities transactions by Armenia’s investment companies downed 3.7% to AMD 27.7bln in April

Purchase/sale transactions with the securities conducted by the investment companies at Armenian securities market slashed by 3.7% in April 2013 from March to 27.7 billion drams

Chair of Armbusinessbank board beaten up in his office room: Newspaper

The chairman of Armbusinessbank Board Sergey Arzumanyan was severely beaten up in his office room Monday evening, Haykakan Zhamanak (Armenian Time) newspaper reports, referring to its own sources

U.S. stocks rally as fed fears abate: Marketwatch

U.S. stocks rallied Thursday, with equities picking up steam after The Wall Street Journal reported on the Federal Reserve's monetary policy