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Monthly Archives: June, 2019

Armenia’s central bank has reserved $185 million since the beginning of the year

Armenia’s Central Bank has reserved $185 million since the beginning of the year, Prime Minister Nikol Pashinyan said on Thursday before the beginning of a Cabinet session

ACBA-CREDIT AGRICOLE BANK awards 1000th participant of its trainings for SMEs

The ACBA-CREDIT AGRICOLE BANK has awarded today the 1000th participant of trainings it has been organizing for SME representatives

Unibank revises upward interest rates on its flexible time deposit

Unibank said today it has revised upward the interest rates on its Flexible time deposit, making them even more profitable for depositors. According to a bank’s press release, in case of placing a deposit in Armenian drams the interest rate is 9%

ACBA-CREDIT AGRICOLE BANK launching campaign for holders of American Express Gold cards

ACBA-CREDIT AGRICOLE BANK, exclusive issuer of American Express cards in Armenia, is launching the campaign “Open Whole Potential for You” also for holders of American Express Gold cards, the bank’s press office reports

Man who has taken loan by submitting forged papers to face trial

Armenia’s Investigative Committee reported Monday about completion of the criminal case over a 52-year-old man, who had taken a loan by submitting false papers of a contract serviceman

BSTDB raises USD 400 million with a new bond issue

The Black Sea Trade & Development Bank (BSTDB) has raised USD 400 million with a new bond issued under its EUR 1 billion Medium-Term Note Programme

Armenian banks, credit organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

Armenia-based commercial banks, credit organizations and pawnshops are now obliged to indicate a real interest rate on loans worth up to 15 million drams in the loan agreements

Gold refining factory to be built in Armenia

A gold refining factory is to be built in Armenia, which is supposed to help the Central Bank to partially restore its gold reserves, the chairman of the Central Bank Artur Javadyan said today in the parliament

Armenian parliament raises upper limit of consumer loan to 15 million drams

Armenia’s National Assembly has approved today in the second and final reading a draft law on consumer lending, proposed by the Bright Armenia party

Armenian police arrest two counterfeiters

Armenian police provided details of the detention of two men suspected of selling counterfeit, home-printed banknotes

Armenbrok acquires 100% of capital investments shares

Armenia’s leading investment company Armenbrok said today it has acquired 100% of shares of Capital Investments company. It said Capital Asset Management

Armenia’s central bank has acquired $140 million since April 2019

Since April 2019, Armenia’s Central Bank has acquired $140 million in the local foreign exchange market, Central Bank head Arthur Javadyan said in the parliament today. He said this year the regulator’s intervention was in one direction- not to allow the national currency dram to get stronger too much, which would have negative consequences for exporters