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Monthly Archives: June, 2015

Araratbank to pay no dividends for 2014 to shareholders

Araratbank will pay no dividends for 2014 to shareholders

Araratbank earned 2.8 billion drams in net profit last year

In 2014 Araratbank earned 2.8 billion drams in net profit, the bank’s deputy board chairman David Harutyunyan told today the bank’s annual meeting

Anelik bank personnel joins Donate Blood- Save Life campaign

Joining the campaign Donate Blood –Save Life Anelik Bank personnel led by board chairman Nerses Karamanukyan visited the Hematology Center in Yerevan today to donate blood for children suffering from leukemia

Inflation in Armenia to be close to ceiling of projected range – 2.5-5.5% in 2015

In the context of limited influence of monetary influence and the lowering prices for energy resources, the annual inflation in Armenia will fluctuate close to the ceiling of the projected range - 2.5-5.5% in 2015

VTB Bank (Armenia) cardholders can automatically check their card account balance

VTB Bank (Armenia) has expanded the list of its remote services offering now its clients the opportunity to automatically check the status of their card accounts

Armenian banks should attract more financial resources from outside sources

Taking into account high interest rates on deposits, Armenian banks should attract more financial resources from outside sources, Samvel Chzmachyan, chairman of the Union of Banks of Armenia, told ARKA News Agency

Nearly $19.58 mln traded at NASDAQ OMX Armenia stock exchange last week

The Central Bank of Armenia said nearly $19.58 mln was traded at NASDAQ OMX Armenia stock exchange from June 22 to 26, 2015

Armenia’s commercial banks purchase about $67.9 mln at intra-banking forex market last week

Armenian commercial banks purchased about $67.9 mln at a weighted average rate of 472.06 drams per $1 in intra-banking foreign exchange market on June 22 to 26, the press service of the Central Bank reported

Situation in Armenia’s banking sector to improve before end of this year – Araratbank head

Things in Armenia’s banking sector will improve before the end of this year, Ashot Osipyan, chairman of Araratbank’s board, told ARKA News Agency on Monday

Araratbank intends to acquire bank or stock package of bank

Araratbank intends to acquire a bank or a stock package of a bank, Ashot Osipyan, chairman of the bank's board, said Friday at Araratbank's annual assembly

Araratbank plans to open first ‘financial supermarket’ in Armenia

Araratbank is planning to open the first in Armenia so-called ‘financial supermarket,’ its board chairman Ashot Osipyan said Friday when addressing the bank’s annual meeting

Araratbank to conduct IPO later this year in London

Araratbank will conduct an IPO before the end of this year, the bank’s board chairman Ashot Osipyan said today when speaking at its annual meeting