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Monthly Archives: November, 2013

Survey: over 60% of Armenian citizens trust banks

Some 64% of Armenian citizens trust banks, the Armenian Marketing Association, Gallup International Association’s office in Armenia, said after surveying 1067 people in Yerevan and provinces

Armenia’s monetary base shrinks 0.5% to AMD 719.1 billion in October

Armenia’s monetary base contracted by 0.5% in October, compared with September, to about AMD 719.1 billion, the National Statistical Service reported today referring to the central bank’s preliminary figures

Anelik Bank to offer new type of agriculture lending

Armenia-based Anelik Bank said beginning from December 2 it will offer a new type of lending designed for large, small and medium-sized agribusinesses

Armenia’s total public debt drops by 9.2 percent in October to $4/6 billion

Armenia’s total public debt dropped to $4.564.1 billion on October 31, down 9.2% or $466.3 million from the previous month, according to the National Statistical Service (NSS)

Inflation at 0.9% in Armenia in November

Inflation was 0.9% on Armenia’s consumer market in November against October, ArmStat reported

Areximbank-Gazprombank Group almost halves HABIB BANK LTD cheque cost

Areximbank-Gazprombank Group has almost halved the tariff for cheques issued by Habib Bank LTD (Uinted Arab Emirates) from December 1 2013 till January 31 2014, the bank’s press office reported

Armenian Central Bank head off to Moscow for CIS interstate bank meeting

Head of Armenia’s Central Bank, Arthur Javadyan, has left today for Moscow to attend a regular session of the CIS Interstate Bank’s Council

Armenia’s Central Bank registers export insuring agency

The Central Bank of Armenia said today it has registered an insurance company called CJSC Export Insuring Agency. The Central Bank granted the company a license for "credit insurance."

Armenian banks’ lending to private companies shrinks 4.3% in 3rd Q 2013 to AMD 921.1 billion

Armenian banks reduced their lending to private companies by 4.3% in the third quarter of this year, compared with the previous quarter, to AMD 921.1 billion

American Express cards celebrate three years of presence in Armenia

"Three years ago ACBA-CREDIT AGRICOLE BANK in partnership with American Express ® Gold issued the first American Express ® Gold cards in Armenia, making the services of this 150 year-old company available also to clients in Armenia,’ ACBA- CREDIT AGRICOLE BANK said today in a press release on the occasion of the three- year presence of American Express in Armenia

Top ten highest salary paying Armenian banks

ARKA news agency has compiled the rating of ten Armenian banks with highest salaries in the third quarter of 2013. The list includes HSBC Bank Armenia, ACBA -CREDIT AGRICOLE BANK, Armswissbank, Areximbank - Gazprombank Group, Byblos Bank Armenia, Ameriabank, Armenian Development Bank, ProCredit Bank, Conversebank and Inecobank

Armenian banks’ spending on training at 231.4mln drams in Q3

Training expenditures of Armenia’s commercial banks amounted to a total of 231.4 million drams as of the end of September