ArmInfo. In Q1 2011 the share of the Zolotaya Korona-Money Transfers system in the Russia-Armenia money transfer flow grew to 20%, Shakhla Kasimova, the company's deputy director for the CIS, said in an interview to ArmInfo. She said that in Jan-June 2011 as compared with Jan-June 2010 the a

ArmInfo. By late 2011 the banking community of Armenia expects 4.8% economic growth. These are the results of the public opinion poll among 54 banking top managers from 19 commercial banks of Armenia held by the financial analysis service of ArmInfo News Agency over the summer months. It should

ArmInfo. In March 2011 the Armenian banks issued almost an equal quantity of local and international cards, with a slender majority of ArCa and Visa, which is conditioned by the launch of the governmental program on noncash pension payment, including by means of cards, starting from the current

ArmInfo. BTA Bank has joined the Russian international money transfer system Zolotaya Korona, the bank's press-service told ArmInfo. Zolotaya Korona serves 24,000 points of money remittance in Russia, CIS, China in rubles and in US dollars. The commission fee is 1.5%. Besides Zolotaya

ArmInfo. BTA Bank has joined the Russian international money transfer system Zolotaya Korona, the bank's press-service told ArmInfo. Zolotaya Korona serves 24,000 points of money remittance in Russia, CIS, China in rubles and in US dollars. The commission fee is 1.5%. Besides Zolotaya

ArmInfo. Ameriabank and ACBA Credit Agricole Bank have shared the leading positions according to the results of analysis of banks. The Analysis of the Armenian Banking System held by the Agency of Rating Marketing Information (ArmInfo), has shown that according to the result of 2010 the first p

ArmInfo. Since 2011 a new system of pension payment via the financial system has been introduced in Armenia. The pensions are paid via the banks and payment-settlement systems operating in the country. The press service of the Central Bank of Armenia told ArmInfo that 15 commercial banks ar

ArmInfo. Starting March 2011 Arexibank-Gazprombank Group will provide pensions on plastic cards of Visa Electron and MasterCard Maestro systems. Elena Markova, Advisor to Areximbank-GPB Group Director General for Public Relations, told ArmInfo two packages will be offered to pensioners: Pe

ArmInfo. The procedure of non-cash payment of pensions is under modernization in Armenia. The system implies transfer of pensions to a bank account or pension card. Ministry of Labor and Social Affairs of Armenia told ArmInfo banks will provide pension cards to pensioners free of charge and se

ArmInfo. The accumulated profit of the Armenian banking system grew 14.9% for 9 months of 2010 and 4.9% for Q3, whereas comparing to 9 months of 2009 this indicator grew 24,7% and totaled 86.1 billion drams ($238.2 million) on Oct 1 2010. The share of accumulated profit in total capital was ove

ArmInfo. Personal deposits with Armenian commercial banks grew 6.3% for Q3 2010 (versus almost 4% decline for Q2 2010 and 20.3% growth for Q3 2009) and totaled 368.9 billion drams ($1 billion) as of September 30 2010. This indicator grew 34% over year after 22% devaluation of the national dram o

ArmInfo. In Jan-Sept 2010 VTB Bank Armenia, HSBC Bank Armenia and ACBA-Credit Agricole Bank showed the biggest net profit in Armenia's banking system - 3.2bln AMD ($8.8mln), 3bln AMD ($8.3mln) and 2.9bln AMD ($8.2mln), respectively. Ameriabank and Armbusinessbank were the 4th and 5th with 2.1

ArmInfo. By 1 October 2010, the volume of real provision of crediting of the Armenian banking system amounted to 902.9 bln AMD ($2.5 bln), having annually grown by 27,2%, and 7,6% over Q3 2010 alone (against 2,3% growth over Q2 2010 and 10,1% growth over Q3 2009). In the structure of assets the