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Monthly Archives: September, 2016

VTB bank (Armenia) not considering merger or other deal

VTB Bank (Armenia), a 100% subsidiary of Russian VTB Bank, is not considering any merger or acquisition deal in Armenia now, VTB24 Board Chairman Mikhail Zadornov told a news conference today in Yerevan, adding: "Never say never.”

VTB bank (Armenia) to focus on retail business in its next 3-year strategy

VTB Bank (Armenia) is mapping out now its next three-year strategy in which the focus will be on the retail business, VTB24 Board chairman Mikhail Zadornov said to a news conference today in Yerevan

Crédit Agricole wants to become “ambassador” of French capital in Armenia

Armenian prime minister Karen Karapetyan and Marc Oppenheim, head of International Retail & Commercial Banking at Credit Agricole S.A, discussed today in Yerevan prospects for implementation of investment programs in Armenia

Unibank running ‘You Spend – We Gift Money’ campaign for its cardholders

Unibank is running ‘You Spend – We Gift Money’ campaign for its cardholders

Araratbank’s authorized capital built up by AMD 8.5 billion to AMD 31.7 billion

Araratbank has added AMD 8.5 billion to its authorized capital by issuing and placing stocks, the bank’s press office reported on Thursday

Armenia planning to half its budget deficit in 2017

Armenia is planning to half its budget deficit in 2017, Vardan Aramyan, the country’s finance minister, told journalists on Thursday

A total of $10.3 million worth Eurobonds traded at Armenia’s secondary securities market in 2016 July

A total of $10.3 million worth Eurobonds were traded at Armenia’s secondary securities market in 2016 July, up from $4 million traded in June, the Central Bank said in its monthly bulletin for July 2016

Armenian central bank’s total external liabilities in July 2016 stood at $624.5 million

Armenian Central Bank’s total external liabilities in July 2016 stood at $624.5 million, having increased by 0.5% from the previous month, according to the regulator’s monthly bulletin for July 2016

Anelik Bank offers new kind of loans – Fast Resources

Anelik Bank, continuing to expand the range of its lending products, offers a new type of loans – Fast Resources, the bank’s press office reported on Wednesday

Armenian central bank’s net domestic assets in July 2016 rose by 7.2% to about 431.5 billion drams

Armenian Central Bank’s net domestic assets grew by 7.2% in July 2016 from the previous month to about 431.5 billion drams, according to Central Bank’s monthly bulletin for July

Armenian premier waiting for extraordinary ideas from bankers for business environment improvement

Karen Karapetyan, Armenian prime minister, met with bankers on Tuesday and said he was waiting for practical and extraordinary ideas from them, which would be able to improve business environment and attract investments