Sun, 2 February
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Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
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Advisor to Araratbank CEO on PR issues resigns

YEREVAN, June 1. /ARKA/. Anna Baghdasaryan, advisor to the Executive Director of Araratbank on PR issues, announced her resignation on her Facebook page. She held the position for nine years.

In early February, Mher Ananyan replaced Ashot Osipyan as new Executive Director, Chairman of the Board of Araratbank. Ashot Osipyan resigned on November 1, 2019 to take over a job in an international financial organization.

Araratbank OJSC provides the latest and highest quality banking services both to individuals and legal entities. It runs 61 branches throughout the country. Araratbank lends actively to small and medium-sized businesses. It cooperates with 14 international financial organizations. -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar rate down 0.35 points to 397.92 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

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