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Monthly Archives: September, 2013

Armenia has one of the most stable banking systems in region: board member says

A Central Bank of Armenia Board member Armenak Darbinyan praised today the country’s banking system describing it as ‘one of the most stable financial systems in the region’, adding also that this should be advertised vigorously among citizens

Armenia’s money supply in August grows by 0.95 percent to 1.426 trillion drams

Armenia’s money supply in August saw a 0.9 percent rise from July to about 1.425.6 trillion drams, according to the numbers, released today by the National Statistical Service, which cited the Central Bank data

Central Bank of Armenia launches my financial month program

The Central Bank of Armenia has launched today a campaign, called "My financial month," designed specially to help citizens raise their awareness of how to manage their personal finances

Armenia’s monetary base ups 1.1 percent in August

Armenia’s monetary base rose by 1.1 percent in 2013 August from the previous month to about 733.1 billion drams, the National Statistical Service said citing the data of the Central Bank

Armenia’s gross international reserves rose by 2.5% to $1,794.3mln

Armenia’s gross international reserves totaled $1,794.3 million in August 2013, an increase of 2.5% compared to July, the Central Bank of Armenia reported today

Nearly $22.7 mln traded at NASDAQ OMX ARMENIA stock exchange last week

The Central Bank of Armenia said nearly $22.7 million was traded at NASDAQ OMX Armenia stock exchange from September 23 to 28

Armenia’s Commercial Banks purchase over $120.8mln at intra-banking Forex market last week

Armenian commercial banks purchased more than $120.8mln at a weighted average rate of 404.86 drams per $1 in intra-banking foreign exchange market on September 23-28

Budget deficit to amount to AMD 110.5 billion in 2014

Armenian Finance Minister David Sargsyan, presenting today the 2014 draft government budget to the Cabinet

VTB bank (Armenia) joins MasterCard as acquirer and issuer

VTB Bank (Armenia) said today it has joined the MasterCard international payment system as an Acquirer and Issuer, which will allow it to issue MasterCard cards and service them via its ATM network and also carry out merchant acquiring

Over half of citizens of 15 countries willing to start saving at early age: HSBC report

HSBC’s report found 53% of retirees say that ‘Start saving at an early age’ is the best financial advice they have ever received, ARKA reports referring to the results of The Future of Retirement study

U.S. stocks fall as budget-impasse concerns grow: Bloomberg

U.S. stocks fell, giving the Standard & Poor’s 500 Index its first weekly drop since August, as concern grew that the budget impasse will hurt economic growth in the world’s largest economy

Yerevan resident wins two-person trip to Italy in “Summer with VTB” raffle

Hayk Mnatsakanyan, a resident of Yerevan, has won a trip to Italy for two in “Summer with VTB” raffle held by VTB Bank (Armenia), the company’s press office reported on Friday