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Monthly Archives: July, 2017

Armenian banks bought $76.3 million last week

From July 24 to July 28 Armenian commercial banks bought a total of $76.3 million from the local inter-bank forex market at the weighted average exchange rate of 477.97 drams per one USD, the Central Bank said

Armenia’s total public debt grows by $45.8 million in June 2017

Armenia’s aggregate public debt amounted to $6,140.8 million in late June after growing 0.75% or by $45.8 million over one month, the National Statistical Service reports

Kamurj credit organization closed first half with a profit of 90.5 million drams

Kamurj (Bridge) credit organization said today it closed the first half of the year with a profit of 90.5 million drams. The organization’s loan portfolio stood at 11.3 billion drams

VTB Bank (Armenia) offers new loans to small businesses

VTB Bank (Armenia) has launched a unique lending program for small businesses, the bank’s press office reported on Friday

European Investment Bank to continue supporting Armenian economy

The European Investment Bank will continue supporting Armenia’s economy

Armenian banks paid 21.6 billion drams in taxes for first half

The list of 1000 largest Armenian corporate taxpayers for the first half of 2017 includes all 17 commercial banks operating in the country which paid about 21.6 billion drams in taxes

AMD denominated coupon bonds by “Ameriabank” CJSC listed on NASDAQ OMX Armenia

Starting from July 26, 2017, AMD denominated nominal coupon bonds issued by “AMERIABANK” CJSC will be listed on NASDAQ OMX Armenia and included in the bonds' main Abond list, the stock exchange said in a press release today

Government to lower rates on subsidized loans

The government of Armenia is going to lower the rates on subsidized loans provided to farmers and also increase the related financing, Deputy Minister of Agriculture Robert Makaryan told journalists on Wednesday

VTB bank (Armenia) offers deposit-secured loans and credit lines

The Russian-owned VTB Bank (Armenia) said today its customers, who open deposit accounts or already have such accounts at the bank, can seek deposit-secured consumer loans and credit lines. It said a consumer loan or a credit line can be obtained in minutes and without having to produce additional documents

Eurasian Development Bank proposes creation of single currency for Eurasian Economic Union space

The Eurasian Development Bank proposed the central banks of the Eurasian Economic Union member countries to create a single monetary unit for calculations, Vestifinance.ru reports

ACBA-CREDIT AGRICOLE BANK launches third organic agriculture development program

Armenia-based ACBA-CREDIT AGRICOLE BANK together with the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany, launched July 24 the third free program called "Development of Organic Agriculture"

Modernization of ATMs for new banknotes to take no much money – Armenian central bank

Modernization of ATMs of Armenia’s commercial banks will need no considerable financial resources when new banknotes appear, David Nahapetyan, Secretary General of the Central Bank of Armenia, said in an interview with Novosti-Armenia