Mon, 7 April
20.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Armenian Development Bank offers deposit boxes at 50-percent discount

YEREVAN, April 25. /ARKA/. Armenian Development Bank offers deposit boxes in its Erebuni and Malatia branches at a 50-percent discount.

According to the bank’s press release, the discount offer is in force for a period between April 7 and July 7.

It should be mentioned that small, medium-size and big deposit boxes are available in Erebuni branch, and small and big boxes in Malatia branch.

The leasing costs start from AMD 3,000. The boxes are provided for one-to-twelve-month terms.
Armenian Development Bank says that its deposit boxes are up to all international standards and that they are reliable and secured properly.

The bank’s deposit boxes are available to all its clients – individuals or companies – as well as to entities that are not the bank’s clients.

Armenian Development Bank was established in 1990. The bank’s shareholders with more than 10% are Ruben Hayrapetyan (19.98%), Rafik Hayrapetyan (19.52%) and Grigor Termenjyan (16.03%).

The bank’s assets totaled AMD 70.1 billion and liabilities AMD 59.5 billion in the first quarter of this year. Its total capital amounted to AMD 10.7 billion, authorized capital to AMD 4.6 billion and credit exposure AMD 42.2 billion.

The bank’s net profit for the first quarter 2016 amounted to AMD 122 million. ($1- AMD 479.13). –0–

spot_img

POPULAR

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

LATEST NEWS

spot_imgspot_imgspot_img