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Daily Archives: Nov 22, 2013

Head of Central Bank congratulates bankers on occasion of Bank Employee’s Day and 20th anniversary of Armenia’s national currency

The chairman of Armenia’s Central Bank Arthur Javadyan congratulated today bank employees on occasion of the Bank Employee's Day and the 20th anniversary of the introduction of Armenia’s national currency, the dram, at a ceremony that was attended also by President Serzh Sargsyan

VTB Bank (Armenia) reopens renovated branch in Yerevan’s Arabkir district

The Russian-owned VTB Bank (Armenia) has reopened today another renovated branch in Arabkir administrative district of Yerevan

Armenia’s national currency becomes 20 years –old

Armenia’s national currency, the dram, has turned 20 today. The process of replacing Soviet rubles with the new national currency began on November 22, 1993. Armenia that was in dire straits was the last former Soviet republic to introduce its own currency

Banks’ lending to state-owned enterprises in third quarter increases by 18.8 % to 88.6 billion drams

Armenian banks’ lending to state-owned enterprises in the third quarter of 2013 increased by 18.8 % from the previous quarter to about 88.6 billion drams

Dram will not lose its stability after Armenia’s accession to Customs Union – Polling Center head

Head of an Armenian polling center has downplayed today allegations that Armenia’s upcoming membership in the Russia-led Customs Union would affect the stability of its national currency, the dram

Armenian banks’ lending to agriculture drops by 2.1% in Q2

Armenian banks’ lending to agricultural sector dropped by 2.1% in the third quarter of 2013 to a total of 105.7 billion drams as of the end of September

Trade lending by Armenia’s banks rose by 4.9% to AMD 364.1 bln in Q3

Trade lending by Armenia’s commercial banks rose by 4.9% to about 364.1 billion drams as of the end of September 2013, compared to the quarter before