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Monthly Archives: March, 2019

VTB Bank (Armenia) revises prices for international money transfers via S.W.I.F.T.

VTB Bank (Armenia) said today it has revised the rates for international money transfers made by individuals via the S.W.I.F.T

Moody’s expects Armenia’s robust economic growth to benefit banks

In the Banking System Outlook for Armenia, Moody’s Investors Service said its positive outlook for Armenian’s banking system is driven by robust economic growth which leads to asset quality improvements

IMF expects economic growth in Armenia to moderate to about 4½ percent in 2019

In an exclusive interview with ARKA news agency the Resident Representative of the International Monetary Fund (IMF) in Armenia Yulia Ustyugova said economic growth is expected to moderate to about 4½ percent in 2019

VTB Bank (Armenia) holds charity fair to mark spring holidays

In connection with spring holidays VTB Bank (Armenia) held a charity fair in its head office to help single mothers

Armenian banks’ overall lending grows by 66.1 billion drams in one month

The total amount of loans provided by Armenian banks stood at 3.216.7 trillion drams in late February 2019, having increased by 66.1 billion drams or 2.1% from the previous month, the Central Bank of Armenia said

Armenia’s public debt is not a threat, Pashinyan says

The amount of Armenia’s state debt is not a threat, Prime Minister Nikol Pashinyan told lawmakers today

Armenian central bank projects 4.6-6.1 percent growth for 2019

According to Armenian Central Bank’s short-term forecast, in 2019 the country’s economy will expand from 4.6-6.1%

Deposits in banks in Armenia exceed AMD 3 trillion heating record high

Aggregate deposits in banks in Armenia exceeded AMD 3 trillion ($6.17 million) in February 219 heating the record high, the Central Bank of Armenia reports

Armenian Securities Exchange names best participants of capital market in 2018

On March 25, the Armenian Securities Exchange (AMX) named the best participants of the local capital market in 2018. According to AMX CEO Hayk Yeganyan

ACBA-CREDIT AGRICOLE BANK and NABU launch organic Agricultural Development Program for 2019 and 2020

ACBA-CREDIT AGRICOLE BANK and NABU, a German non-governmental nature protection organization, have announced the launch of Organic Agricultural Development Program for 2019 and 2020

Resident deposits in Armenian banks slash by almost 26 billion drams

Resident deposits in Armenia-based commercial banks stood at 2.221.5 trillion drams in late January 2019, having decreased by 25.9 billion drams from late December 2018, the Central Bank said

Unibank is issuing new coupon USD-denominated bonds to the tune of $5 million with 5% yield

Unibank is issuing new coupon USD-denominated bonds to the tune of $5 million, offering a high yield of 5% per annum. The bank said in a press release that coupon income will be paid quarterly