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Monthly Archives: June, 2014

International banking specialists discuss capital planning in Yerevan

More than 30 banking management specialists from Armenia, Russia, Belarus, Lebanon, Kazakhstan, Lithuania, Latvia, Estonia and Bosnia and Herzegovina have gathered in Yerevan on June 23 for a five-day seminar organized by the Central Bank of Armenia and the U.S

ACBA-CREDIT AGRICOLE BANK, Hayastan Fund and World Vision Armenia launch 41 million drams worth charity program

ACBA-CREDIT AGRICOLE BANK, the Hayastan Pan-Armenian Fund and World Vision Armenia charity organization have signed today a tripartite cooperation agreement as part of a three-year charitable and educational program designed for children from the children’s home in Gavar (Gegharkunik region), worth 41 million drams

Market value of greenback drops by 0.3 p.p. to 407.28 drams

The average market value of US Dollar against Armenia’s national currency has fallen today by 0.3 percentage points from June 27 to 407.28 drams, the Central Bank said

Armenia’s gross external debt dropped by 1.4 percent to $8.571.48 billion in quarter one, statistics.

Armenia’s gross external debt dropped by 1.4 percent from the beginning of the year or $123.15 million to $8.571.48 billion as of late March, the National Statistical Service (NSS) said

Armenia’s Central Bank bought $13.65mln on NASDAQ OMX Armenia last week

The Central Bank of Armenia (CBA) bought $13.65 million at an average exchange rate of 407.82drams per dollar at NASDAQ OMX Armenia from June 23 to 29, says a report on CBA’s website

Armenia’s gross international reserves drop by 0.66% to $1,866.8mln in May

Armenia’s gross international reserves decreased by 0.66% to $1,866.8 million in May, the Central Bank of Armenia reported today

Nearly $20.8 mln traded at NASDAQ OMX Armenia stock exchange last week

The Central Bank of Armenia said nearly $20.8 million was traded at NASDAQ OMX Armenia stock exchange from June 23 to 27. It stood at $11.25 million from June 16 to 20, according to the report

Armenia’s commercial banks purchase about $111.8 mln at intra-banking forex market last week

Armenian commercial banks purchased about $111.8mln at a weighted average rate of 407.72drams per $1 in intra-banking foreign exchange market on June 23- 27, the press service of the Central Bank reported

Moody’s assigns negative outlook to Russia’s baa1 government bond rating; confirms rating

Moody's Investors Service has today assigned a negative outlook to Russia's Baa1 government bond rating and confirmed the rating. This action concludes the review for downgrade that Moody's initiated on 28 March 2014

Araratbank’s Jan-May 2014 net profit amounts to AMD 1.8 billion

Araratbank’s net profit for Jan-May 2014 was larger than that of the same period of two previous years and amounted to AMD 1.8 billion, Ashot Osipyan, chairman of the bank’s board, said Friday at a meeting of the bank’s shareholders

Armenian Central Bank chairman to attend annual session of bank for international settlements in bazel

Arthur Javadyan, the chairman of the Central Bank of Armenia, will attend the 84th annual session of the Bank for International Settlements that will be held 27 to 29 June in Bazel, Switzerland, the press office of the regulator reported on Friday

ACBA-CREDIT AGRICOLE BANK attracts $10 million lending from citi and overseas private investment corporation

Citi and the Overseas Private Investment Corporation (“OPIC”) have announced a $10 million lending facility, using their existing framework partnership, to support the growth of ACBA-CREDIT AGRICOLE BANK’s agribusiness microfinance portfolio in the Republic of Armenia