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Monthly Archives: April, 2018

Armenia’s total state debt grows further by $35.9 million in one month

In late March, 2018 Armenia’s total state debt stood at $6.887.1 billion, having increased by 0.52% or $35.9 million over the previous month, the National Statistical Service (NSS) reported

Araratbank attracts $20 million from Dutch FMO

The Yerevan-based Araratbank said today it will receive a $20 million loan from the Dutch Development Bank (FMO), which it will channel into retail lending, including women entrepreneurs, as well as will finance projects of young businessmen below the age of 35

Armenian financial markets stable now – acting minister

Armenia’s financial markets are in a stable state, Vardan Aramyan, acting finance minister, told journalists on Thursday

Converse bank announces cashback for Argentine wines

The Yerevan-based Converse Bank has announced a 25% CashBack for Argentine wines in its partner network as part of “Argentine Wine Week” to be held until April 29

No threat to Armenian dram, central bank head says

The chairman of Armenia’s Central Bank Artur Javadyan has downplayed today fears that the resignation of prime minister Serzh Sargsyan may destabilize the Armenian national currency dram

Around $93 million bought by Armenian banks last week

Armenia’s commercial banks bought around $92.3 million from the local foreign currency market on April 16 to 20 at the average weighted exchange rate of 480.54 drams per one USD, the Central Bank of Armenia reported on Monday

Armenian prime minister Serzh Sargsyan resigns

Armenian prime minister Serzh Sargsyan has resigned today. In a statement, posted on prime minister’s official website, Serzh Sargsyan says:

Converse bank sponsors Yerevan Spring Run 2018 marathon

Converse Bank said today it is the sponsor of the Yerevan Spring Run 2018 marathon, which is expected to attract about one thousand runners to the amateur race

Ranking of most profitable Armenian banks in quarter one, 2018

YEREVAN, April 19. /ARKA/. According to ARKA news agency’s quarterly ranking of the most profitable banks, 17 Armenia-based commercial...

Armenian banks’ net profit in quarter one doubles

Seventeen Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit

Unistream card saves up to 10% of spendings

Unistream bank cardholders can now get paid back for everyday purchases thus saving money on their RUR-currency cards, the bank’s press office reported on Tuesday

Armenian banks bought $93.6 million last week

Armenian banks bought a total of $93.6 million at the local inter-bank forex market in a time span from April 9 to April 13 at the weighted average exchange rate of 481.97 drams per one USD, the Central Bank reported today