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Tag: license

Armenian central bank strips Varks AM credit organization of license

Loans admin -
The Central Bank of Armenia has announced yesterday the license of Varks AM Credit Organization invalid, the press office of the regulator reported on Wednesday

Armenia to abolish forex dealers’ license

Economy admin -
Armenia's National Assembly has approved today in the first reading a package of bills to amend the Law on Licensing, as well as several related laws

Armenian Anelik Bank comments on revoking of Moscow-based Anelik. RU bank’s license

Banks admin -
In a comment on a decision of the Central Bank of Russia to revoke the operating license of the Russia-based Anelik Ru Bank, the Armenian Anelik Bank said the Russian bank was founded as its subsidiary bank, but in 2012 it was sold and has not been its part since then

Central bank invalidates F.I.K.O. credit organization’s license

Loans admin -
The Central Bank of Armenia has invalidated today the license awarded to F.I.K.O. credit organization. The credit organization was awarded license No. 232-by the Central Bank in September 2010

Ardshininvestbank renamed Ardshinbank

Banks admin -
The Central Bank of Armenia said today it has reissued the license to Ardshininvestbank (license N 83) after the bank has changed its name to Ardshinbank

C-QUADRAT and Talanx asset management seek license to manage Armenia’s compulsory pension fund

Banks admin -
An asset management company C-QUADRAT and Talanx Asset Management, a member of Talanx Group have applied to the Central Bank of Armenia to seek a license for

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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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