Fri, 31 January
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Tag: appointment

Alena Stratan and Armen Sargsyan appointed as deputy chief executive officers of VTB Bank (Armenia)

Banks admin -
The Board of VTB Bank (Armenia) has appointed Alena Stratan and Armen Sargsyan as deputy chief executive officers. Before this promotion Alena Stratan served as head of a department overseeing bank risks and Armen Sargsyan served as head of operations department

Indars Aščuks appointed as NASDAQ OMX ARMENIA board member

Capital market admin -
Indars Aščuks was appointed as NASDAQ OMX Armenia Supervisory Board Member, the stock exchange reported to ARKA on Wednesday

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US dollar rate down 0.35 points to 397.92 drams

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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.

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

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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.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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