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Daily Archives: May 7, 2018

Twice as many cards have been delivered to Unistream clients by courier

Banks all over Russia, taking into consideration the international experience, have long developed the online banking service and have started to deliver cards to clients by courier, UNISTREAM bank said today in a press release

Armenian banks’ overdue loans drop by 4 percent to 32.9 billion drams

Armenian banks’ overdue loans dropped by 4.1% at the end of March 2018 when compared to the previous month to 32.9 billion drams, according to the National Statistical Service

Armenian inflation up 3.1 percent in four months of 2018

Armenia’s consumer prices in January-April 2018 rose by 3.1% year-on-year, the National Statistical Service (NSS) said

Armenian banks bought $84.7 million on may 2-5

Armenian banks bought a total of $84.7 million in the local forex market from May 2 to May 5 at the weighted average rate of 483.41 drams for $1, the Central Bank said

ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

The Asian Development Bank (ADB) and Ameriabank CJSC (AMB) signed an agreement for an equity investment equivalent of $30 million to strengthen Armenia’s banking sector and further promote financial inclusion in the country

Armenian national currency not affected by ‘velvet revolution’

Armenia’s national currency, the dram, has not been affected by the "velvet revolution", head of the National Union of Employers Gagik Makaryan told ARKA

HSBC bank Armenia branch that was attacked by police officer to resume operation May 7

The branch of HSBC Bank Armenia in Yerevan, which was attacked by a robber on May 3, who killed an employee of the bank and a police officer wounding also another policeman, will resume customer service on Monday

Financial sector of Armenia is sound, banks are well capitalized

Recent mass protests in Armenia have raised concerns over soundness and stability of the country’s financial system