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Monthly Archives: March, 2016

Armenia’s central bank announces third “My Money Month” program

Armenia's Central Bank has announced today the launch of the third "My Money Month" program, designed to strengthen the trust of the Armenian population in local financial institutions

Inecobank named ‘Best Trade Partner Bank 2015’ by International Finance Corporation

Inecobank CJSC was named "Best Trade Partner Bank" in 2015 at IFC’s 7th Global Trade Partners Meeting that took place in Milan

Market cost of reserves in state depository of precious metals and precious stones estimated at $3 million

The market cost of reserves in the Armenian State Depository of Precious Metals and Precious Stones of the Ministry of Finance on January 1, 2016

Daily rebukes central bank for its reluctance to make a bigger cut of refinancing rate

Armenian daily ‘Haykakan Zhamanak” (Armenian Time) has rebuked today the Central Bank for its reluctance to cut the benchmark refinancing rate by 4-5 percentage points

Areximbank – Gazprombank Group employees come first and third in table tennis championship

Two employees Areximbank – Gazprombank Group – Aram Azizyan and Armen Andrikyan - came first and third in the annual table tennis championship for financial organizations and banks, the press office of the bank reports

Introduction of single currency in Eurasian economic union space not under discussion so far -Armenian vice-premier

Introduction of a single currency in the Eurasian Economic Union space is not being discussed so far, Vache Gabrielyan, vice-premier and international economic integration minister, told journalists on Tuesday

Armenia’s central bank cuts refinancing rate by 0.25 percentage points, setting it at 8.25%

Armenia’s Central Bank Board at a meeting on Tuesday decided to cut the refinancing rate by 0.25 percentage points, setting it at 8.25%

$58 million bought by Armenian banks in one week

Armenia-based commercial banks bought about $57.93 million from the local foreign exchange intra-market from March 21 to 25

Two employees of Areximbank-Gazprombank group among winners of Rosgosstrakh competition

Two employees of Areximbank-Gazprombank Group - Diana Adamyan from the head office and Nelly Javakhyan

ArmSwissbank intends to build up its normative capital to AMD 34-35 billion in 2016

ArmSwissbank intends to build up its total normative capital to AMD 34-35 billion this year also by replenishing its authorized capital, the press office of the bank reported on Thursday

ArmSwissbank to start providing pre-export financing

ArmSwissbank will start providing pre-export financing, which is a new instrument introduced by Export Insurance Agency of Armenia

USD drops by 0.8 percentage point over Armenian dram

The average market value of US dollar has grown today by 0.8 percentage points over the Armenian national currency from March 23 to 480.73 drams, the Central Bank said