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During 2011 “ARMBUSINESSBANK” CJSC ensured a significant up-growth of term deposits due to individual customers. The term deposits of these entities reported an upsurge by 64.22% within a year’s period, amounting thus to AMD 46.6 bln. In the aftermath, ARMBUSINESSBANK has improved its position in the local banking system and holds the 2nd place by the volume of term deposits attracted from natural persons.
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On February 24, 2012, NASDAQ OMX Armenia, part of the NASDAQ OMX Group, Inc. at a special ceremony announced winners of the Best Member Awards 2011, where Armbusinessbank cjsc won the title of Best Exchange Member in Credit Resources Market.
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This is to inform you on certain changes in the T&Cs of “Gold Secured” loans.
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Dear client
Attending high emphasis on the importance of elevating the comfort of customer servicing and for the sake of your valuable time, “ARMBUSINESSBANK” CJSC has enlarged the scope of utilities payments services.
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“ARMBUSINESSBANK” CJSC has signed a Memorandum of Understanding with “The Pragma Corporation”, primary Contractor implementing Enterprise Development & Market Competitiveness Program (“EDMC”), becoming thus one of the three partner banks to the Program.
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Summing up the results of 2011, it is worth noting that the number of the Bank corporate clients has increased by 25% versus 2010.
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