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Monthly Archives: November, 2017

Converse Bank has completed the placement of the second tranche of its dollar bonds

The Yerevan-based Converse Bank said its second tranche of $4 million dollar bond issuance has been allocated before the deadline

Ameriabank: rates on deposits in Armenian drams need to be lowered

The rates on bank deposits in the Armenian national currency, the dram, are relatively high and need to be lowered, Ameriabank’s retail operations director Arman Barseghyan, told an online press conference

Ameriabank: overall lowering of interest rates creates new opportunities for development of corporate bond

The overall lowering of interest rates on bank loans and deposits has brought about new opportunities for the development of Armenia’s corporate bonds, Ameriabank’s director for retail operations Arman Barseghyan told an online press conference

Converse bank completes placement of second issue of USD-denominated bonds

The Yerevan-based Converse Bank said today it has completed the placement of the second issue of USD-denominated bonds in the amount of $4 million

VTB Bank (Armenia) given STP Award 2016

VTB Bank (Armenia) said today the Citibank gave it the STP Award 2016 for the high quality of international money transfers

Armenian central bank working now to introduce single money transfer system ARUS

The Central Bank of Armenia invites companies with a rich experience and knowledge in payment and settlement area for launching a single money transfer system ARUS, the regulator’s press office reported on Monday

Around $79 million bought by Armenian banks last week

Armenia’s commercial banks bought around $79 million from the local foreign currency market on November 20 to 24 at the average weighted exchange rate of 483.21 drams per one USD

ACBA-CREDIT AGRICOLE BANK to help farmers improve their financial literacy

The Executive Director of the Armenian Agriculture Development Fund Gegham Grigoryan and the Deputy Executive Director of ACBA-CREDIT AGRICOLE BANK Norik Nazaryan signed a Memorandum of Cooperation today

Armenian central bank receives platinum employer status from ACCA again

The Central Bank of Armenia has received again a high status of platinum employer from the Association of Chartered Certified Accountants (ACCA), the regulator’s press office reports

Zigzag announces launch of iPhone X official presales

The presales of the new Apple smartphone - iPhone X have officially started today at Zigzag and Zigzag Antena stores following the launch schedule set by Apple, the company’s press office reported on Friday

Coupon bonds by Global Credit UCO CJSC placed at Nasdaq OMX Armenia

On November 23, 2017 placement of nominal coupon bonds issued by “GLOBAL CREDIT” UCO CJSC took place at NASDAQ OMX Armenia

Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

Six Armenia-based insurance companies collected a total of 13.4 billion drams in the first 9 months of 2017 as premiums for mandatory insurance of vehicles and paid 7.9 billion drams in damage compensation claims