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Monthly Archives: September, 2014

Armenia’s gross international reserves shrink 8.4% to $1 751.2 million in August

Armenia’s gross international reserves totaled $1 751.2 million in late August after shrinking 8.4% over the month, the Central Bank of Armenia reported on Tuesday

Araratbank attractes USD 15 million for business lending

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO, the Dutch Development Bank) disbursed a loan of USD 15 million to Armenian ARARATBANK OJSC for business lending, the bank said today in a press release

Armenia’s Central Bank places short-term government bonds worth 1 bln drams

The Central Bank of Armenia (CBA) has placed short-term government treasury bonds of AMGT52289152 series worth 500 million drams, the CBA press office reported

ACBA-CREDIT AGRICOLE BANK launches “Become a Partner” offer

ACBA-CREDIT AGRICOLE BANK has created a new sub-brand, “ACBA Business Partner”, after a comprehensive market study, the bank’s press office reported

Nearly $14.5 mln traded at NASDAQ OMX Armenia stock exchange last week

The Central Bank of Armenia said nearly $14.5million was traded at NASDAQ OMX Armenia stock exchange from September 22 to 27. It stood at $11 million from September 16 to 19, according to the report

Dollar hits highs vs euro, yen – Reuters

The dollar touched a fresh four-year high against a basket of currencies and a six-year peak against the yen on Monday, getting a tailwind from data showing higher U.S. growth in the second quarter

Regulator: Armenian banks change their 12-month inflation outlook upward – from 4.7% to 5%

Armenian banks have upped their 12-month inflation outlook from 4.7% to 5%, the Central Bank of Armenia said in its regular report on the monetary policy implementation in the second quarter and program for the third quarter

Armenia part of EDB Eco-patrol annual event

The Eurasian Development Bank (EDB) held its fourth ecological patrol on Friday September 26. The bank’s staff in Armenia, Belarus, Kazakhstan, Russia and Tajikistan headed to environmental zones to clean and improve parks, water reservoirs, to plant trees, EDB press office reported

ACBA-CREDIT AGRICOLE BANK launches American Express Cashback Quest contest

ACBA-CREDIT AGRICOLE BANK said today it has launched the unprecedented Cashback Quest quiz that had been announced in late August for all eligible citizens of Armenia aged 18 and above

Armenia’s commercial banks purchase about $116.7 mln at intra-banking forex market last week

Armenian commercial banks purchased about $116.7mln at a weighted average rate of 406.85rams per $1 in intra-banking foreign exchange market on September 22 to 27, the press service of the Central Bank reported

EBRD to host trade finance conference in Yerevan

The European Bank for Reconstruction and Development (EBRD), in cooperation with the European Union (EU) is holding a trade finance conference to increase awareness and facilitate better access to the trade finance instruments for the small and medium size enterprises (SMEs) in Armenia

Bank VTB (Armenia) ‘Best Bank’ in ‘Public Rankings’

Bank VTB (Armenia) has been announced the ‘Best Bank” at Public Rankings awarding ceremony in Spendiaryan National Opera and Ballet House on Saturday September 27, the bank’s press office reported