Gold prices up in Armenia ArmInfo. Gold, silver and palladium rose in prices 2.5% for the current week in Armenia amid insignificant fall of the platinum prices. In fact, average growth of the precious metals totaled 1.7%. The Depository of Precious Metals and Stones of Armenia, the Finance

ArmInfo. In Jan-Sept 2011 Armenia's commercial banks and credit companies received $1.312bln in the form of direct and indirect investments and loans (with $57.5mln being direct investments). Referring to the Central Bank, the National Statistical Service reports that $457mln ($19.6mln in dir

ArmInfo. An Armenian delegation headed by Finance Minister Vache Gabrielyan left for Washington to participate in a regular sitting of the Armenian-American Intergovernmental Commission and in the annual meeting of the International Monetary Fund and the World Bank. The press service of the

ArmInfo. Chairman of the Central Bank of Armenia (CBA) Artur Javadyan will participate in the annual meeting of the governing boards of the International Monetary Fund and the World Bank in Washington on September 21-24. The CBA press service told ArmInfo that Javadyan is going to take part in t

Arminfo. The ceremony of official opening of Pan-Armenian Bank took place in Yerevan today. President of Armenia Serzh Sargsyan, Chairman of Central Bank Artur Javadyan, bankers, representatives of international financial structures and other official attended the opening ceremony. Pan-Arme

ArmInfo. By July 1 2011 the foreign debt of Armenia's financial sector amounted to $1.183 bln. Over the first half of 2011 the commercial banks and credit companies of Armenia received $747.6 mln (including $51.7 mln direct foreign investments) as foreign investments and loans. According to

ArmInfo. Moody's rating agency made the Ardshininvestbank's Ba2 long-term and Not Prime short-term local currency deposit ratings, Ba3 long-term and Not-prime short-term foreign currency deposit ratings, as well as "D-" financial stability ("BFSR") ratings unchanged. According to the web-site

ArmInfo. Moody's rating agency made the Ardshininvestbank's Ba2 long-term and Not Prime short-term local currency deposit ratings, Ba3 long-term and Not-prime short-term foreign currency deposit ratings, as well as "D-" financial stability ("BFSR") ratings unchanged. According to the web-site

ArmInfo. In FY 2001 (July 1 2010-June 2011) the International Finance Corporation (IFC) increased its loan book in Armenia by 20% to $100mln by boosting loan demand and centralizing lending activities, Thomas Lubeck, IFC Regional Head, the Caucasus, said during a press-conference on Friday. T

ArmInfo. The International Finance Corporation (IFC), a member of the World Bank Group, committed around $70 million in Armenia in the fiscal year ending June 30, 2011 representing its highest-ever level of support for the country. IFC invested in 11 projects with a focus on restoring and expand

ArmInfo. Ardshininvestbank plans to increase the portfolio of retail loans to 40 bln drams within 2012-2013. Chairman of Ardshininvestbank Board Karapet Gevorgyan told ArmInfo the given indicator is included in the strategic development plan of the bank. He said the bank launched retail bu

ArmInfo. IFC, a member of the World Bank Group, is helping strengthen the financial sector in Armenia by launching a formal risk management education and certification program to enable financial sector employees to enhance their risk management skills. According to the press service of IFC

ArmInfo. Interview with Chairman of Anelik Bank Board Samvel Chzmachyan Mr. Chzmachyan, first, I'd like to congratulate you on opening of the new head office. When do you plan to fully move to the new building? Thank you. Actually, part of our staff moved to the new head office in Var

ArmInfo. IFC, a member of the World Bank Group, and Armenia's ACBA-Credit Agricole Bank signed an International Swaps and Derivatives Association master agreement, which will support ACBA-Credit Agricole to better manage its currency and interest-rate risks, and help improve its competitiveness

ArmInfo. The European Fund for Southeast Europe (EFSE) - initiated by the KfW Entwicklungsbank (The German Development Bank) with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission - signed a new 10 million US dollar

ArmInfo. IFC, a member of the World Bank Group, and Armenia's ACBA-Credit Agricole Bank signed an International Swaps and Derivatives Association master agreement, which will support ACBA-Credit Agricole to better manage its currency and interest-rate risks, and help improve its competitiveness

ArmInfo. The European Fund for Southeast Europe (EFSE) - initiated by the KfW Entwicklungsbank (The German Development Bank) with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission - signed a new 10 million US dollar

ArmInfo. The International Finance Corporation (IFC) has given GTFP Award 2010 to Ameriabank as the best partner and the most active custodian bank under the Global Trade Finance Program (GTPF). The press service of Ameriabank told ArmInfo that the IFC is giving this award to a Transcaucasian b