By Adonia Agayan YEREVAN, January 11 — At the sitting of the Central Bank Council of the Republic of Armenia the council passed a decision to leave unchanged the refunding cost, that is at the level of eight percent. Compared with November of last year an inflation of 2.5 percent was registered in December. As [...]

By Vigen Margaryan YEREVAN, November 18 – The Chairman of the Central Bank of the Republic of Armenia Artur Javadyan will pay a working visit to Frankfurt to participate in 21st European Banking Congress. According to the CBA press service, discussion on changing economic power, changing currency and changing financial markets is on Congress agenda. [...]

By Adonia Agayan YEREVAN, September 7 — In his opening statement Vahram Nesrisyants, the Board Chairman and CEO of the PanArmenian Bank, said that the PanArmenian Bank is a development bank and is established as an open stock company. The purpose of the bank is to attract long-term financing from international financial organizations and other [...]

By Eva Sahakyan YEREVAN, August 19 — Inflation rates in the Republic of Armenia will be within the permissible range of fluctuations — 4 ±1.5 percent at the end of 2011, the press service of the Armenian Central Bank reports. According to the press-release, the expected rate is due to the tendency of stabilization of [...]

By Adonia Agayan YEREVAN, December 07 — The Central Bank of the Republic of Armenia came down with the decision to keep the refinancing rate of 7.25 percent unchanged. As compared to October, in November the inflation made up 1.6 percent. As a result, the 12-month indicator of inflation comprised 9.6 percent, having increased by [...]

By Adonia Agayan YEREVAN, October 7 — The amount of private, non-commercial remittances transferred from Russia to individual account holders throughout the Armenian banking system made up $638.8 million in January-August 2010. The amount is 13 percent more than the indicator of the same period in 2009 ($568.3 million). During the same period, an amount of $94 [...]

YEREVAN, August 25–As of the end of the second quarter of 2010, 20 commercial banks of the Republic of Armenia issued and serviced credit cards, 19 out of which were members of one uniform payment system, ArCA. According to the press center of the Central Bank of Armenia, at the end of the second quarter [...]