ArmInfo. In October 2012 the Armenian banks issued a total of 37,709 cards (up 3.2% versus Oct 2011). As of 1 November 2012, there were 963.8 thsd active cards versus 732.6 thsd during the same period of 2011 (33.2% y-o-y growth). Armenian Card told ArmInfo that over October 2012 the banks is

ArmInfo. ACBA-Credit Agricole Bank has become the first Armenian commercial bank to be certified compliant with ISO/ IEC 27001 (information security management system standard), the press service of the Bank told ArmInfo. Having been certified as compliant with ISO/ IEC 27001, ACBA-Credit Ag

ArmInfo. HSBC Bank Armenia, Ameriabank and Ardshininvestbank are top three banks in Armenia in terms of net profits for 9 months of 2012: 5.7 bln drams ($14.1 mln), 4.7 bln drams ($11.5 mln) and 3.239 bln drams ($8 mln), respectively. Ranking of Armenian Banks prepared by Agency of Rating Marke

ArmInfo. Assets of the banking system of Armenia were up 11.6% for nine months of 2012 totaling 2.3 trillion drams ($5.7 bln) as of Sept 30. Ranking of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo) says assets growth rates have certainly slackened in 2012 - for

ArmInfo. Over Jan-Sept 2012, the personal deposits in Armenian banks were up 22.8% against 22.1% growth over Jan-Sept 2011. According to the Ranking of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), over Q3 2012 personal deposits in Armenian banks grew by 5.5% again

ArmInfo. In Q3 2012 Armenia's commercial banks lend SMEs a total of 421.5bln AMD or $1bln – 26.9% of all of their loans and 45.1% more than in Q3 2011. As compared with Q2 2012 the index roped by 1.9%. According to ArmInfo's Ranking of Commercial Banks of Armenia, Ardshininvestbank register

ArmInfo. ROE (return on equity) of the banking system of Armenia totaled 7.78% for 9 months of 2012, with a 1.6% decline versus the same period of 2011. ROA (return on assets) fell 0.5% to 0.34% for the period under review. As compared to the same period of 2010 ROE fell 0.6%, with ROA falling

ArmInfo. Quarterly slackening of growth rates of the accumulated profits of the Armenian banks has been observed in 2012. The analyst of the Agency of Rating Marketing Information (ArmInfo ) say the accumulated profits of the banking system grew 12.6% for 9 months of 2012. In the Q1 2012 this in

ArmInfo. By 1 Oct 2012, the average monthly salary of a bank employee in Armenia totaled 298 thsd AMD, or $732 (by 18.6% more than by 1 Oct 2011). According to the Ranking of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), the commercial banks' summary expenditure on l

ArmInfo. In Q3 2012 Armenia's commercial banks lend SMEs a total of 421.5bln AMD or $1bln – 26.9% of all of their loans and 45.1% more than in Q3 2011. As compared with Q2 2012 the index roped by 1.9%. According to ArmInfo's Ranking of Commercial Banks of Armenia, Ardshininvestbank register

ArmInfo. The banks of Armenia actively continue crediting the trade sector, industry, construction, and agriculture. Mortgage and car loans, which were in the lead, now hold the second position. According to the Ranking of Armenian Banks by the Agency of Rating Marketing Information (ArmInf

ArmInfo. Within 12 months seven commercial banks of ArmenIa have improved their positions of a universal bank. Analysis of the banking system of Armenia by the Agency of Rating Marketing Information (ArmInfo) on the basis of the ranking of the key balance indicators of banks showed that the fir

ArmInfo. 12 banks found themselves among the top hundred taxpayers of Armenia over Jan-Sept 2012. The largest taxpayers of them are ACBA-Credit Agricole Bank, HSBC Bank Armenia, Ameriabank, VTB Bank (Armenia) and ArmBusinessBank. According to the Armenian State Revenue Committee, ACBA Credit

ArmInfo. In Sept 2012 Armenia's banks issued 30,099 cards (13.8% less than in Sept 2011). As of Oct 1 2012 there were a total of 941,200 active cards against 703,800 cards Oct 1 2011 (33.7% growth). Armenian Card reports that in Sept 2012 the banks issued 11,187 ArCa cards (34.8% less than i

ArmInfo. Most of the Armenian banks refrain from participating in the national agricultural lending program for lack of agricultural lending technologies, President of the Union of Banks of Armenia, Chairman of the Board of Araratbank Ashot Osipyan told journalists on Friday. He said that his

ArmInfo. In Aug 2012 Armenian banks issued 34,011 cards – 40.7% more than in Aug 2011. Sept 1 2012 there were 920,300 active cards against 673,400 Sept 1 2011. Armenian Card reports that in Aug 2012 the banks issued 15,203 ArCa cards (68.2% more than a year before), 9,893 Visas (67.8% growt

ArmInfo. Most of the Armenian banks refrain from participating in the national agricultural lending program for lack of agricultural lending technologies, President of the Union of Banks of Armenia, Chairman of the Board of Araratbank Ashot Osipyan told journalists on Friday. He said that his

ArmInfo. Armenian banks cannot make financial transactions with private Iranians or Iranian organizations included in the sanctions lists of the UN Security Council, Daniel Azatyan, Head of the Financial Monitoring Center (FMC) of the Armenian Central Bank said at a briefing, Wednesday. "UN

ArmInfo. In July 2011 the Armenian banks issued a total of 29200 cards within Armenian Card (43% y-o-y growth). As of late July 2012, the number of active cards was 895 thsd against 656.5 thsd over July 2011 (36.3% y-o-y growth). Armenian Card told ArmInfo that over July 2011 the banks issued

ArmInfo. As of 30 June 2012, the Armenian commercial banks directed 429.5 bln AMD (over $1 bln), or 27.7% of the total loan portfolio, to small and medium enterprises. Over Jan-June 2012, the lending to this sphere grew by 9.8%, and by 5.5% over Q2 2012 alone. According to the Ranking of Arm