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Daily Archives: Feb 23, 2017

Armenian insurance companies collected 17.8 billion drams in 2016 as premiums for mandatory insurance of vehicles

Six Armenia-based insurance companies collected a total of 17.8 billion drams in 2016 as premiums for mandatory insurance of vehicles and paid 8.8 billion drams in damage compensation claims, according to ARKA news agency’s bulletin "Insurance companies of Armenia" for the fourth quarter of 2016

VTB Bank (Armenia) provides consumer loans to clients via MasterCard Instant Issue

To save its clients’ time and improve the quality of its services VTB Bank (Armenia) has made loan-formalizing procedures faster – it will transfer consumer loans – a sum equal to the borrower’s eight-fold salary and up to AMD 4 million - to MasterCard Instant issue card, the bank’s press office reported on Thursday

FINCA Universal Credit Organization’s $4 million worth bonds admitted to trading at NASDAQ OMX Armenia

FINCA Universal Credit Organization’s bonds (FNCAB1) were admitted Wednesday to trading at NASDAQ OMX Armenia, according to the stock exchange’s news release