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Daily Archives: Jul 17, 2014

Latest U.S. sanctions against Russia will not affect Gazprombank’s operation- press release

The latest tougher sanctions against Russia announced by Washington on Wednesday, targeting major banks and energy companies will not affect the financial stability of Gazprombank, Areximbank-Gazprombank Group, Gazprombank’s Armenian subsidiary, said today in a statement

Market value of USD drops further by 0.22 percentage points to 406.97 drams

The market value of USD has dropped further by 0.22 percentage points today from July 16 to 406.97 drams, the Central Bank of Armenia reported

Russia’s Central Bank downs its 2014 deposit growth outlook to 10-12%

Russia’s central bank has downed its 2014 outlook on growth in the population’s deposits to 10-12%, Mikhail Sukhov, deputy chairman of the bank, said on Thursday

Ardshininvestbank posts 36.2 percent rise in six month net profit

Armenian Ardshininvestbank said today that during the first semester of 2014 its net profit amounted to AMD 2.8 billion outperforming the result of the comparable period of the last year by 36.2%