Last edited by Tygokus
Wednesday, October 21, 2020 | History

3 edition of The law of the Republic of Armenia on banks and banking found in the catalog.

The law of the Republic of Armenia on banks and banking

Armenia (Republic)

The law of the Republic of Armenia on banks and banking

The law of the Republic of Armenia on Central Bank of Armenia ; The law of the Republic of Armenia on bankruptcy of banks ; The law of the Republic of Armenia on foreign investments ; The law of the Republic of Armenia on currency regulations and exchange control.

by Armenia (Republic)

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  • 36 Currently reading

Published by Kont͡s︡ern-Dialog in Yerevan .
Written in English

    Places:
  • Armenia (Republic)
    • Subjects:
    • Banking law -- Armenia (Republic),
    • Investments, Foreign -- Law and legislation -- Armenia (Republic),
    • Foreign exchange -- Law and legislation -- Armenia (Republic)

    • Classifications
      LC ClassificationsKLD99.5 .A28 1999a
      The Physical Object
      Pagination78 p. ;
      Number of Pages78
      ID Numbers
      Open LibraryOL4010884M
      LC Control Number2001373027

      A new Republic that secured independence from the Soviet Union in , Armenia has secured worldwide popularity as an important Banking destination. Armenia has tried to move on the path of economic progress despite being a landlocked country and also has tried to develop a well developed private sector. The banking system remains the biggest part of the Armenian financial market. As of 30 June , there were 20 commercial banks operating in the Republic of Armenia. They had branches in Armenia and in Nagorno Karabakh, from which were located inYerevan. The total number of employees the Armenian commercial banks was ab

      List of Banks in European`s countries. Armenia, officially the Republic of Armenia, is a landlocked mountainous country in the Caucasus region of Eurasia. Situated at the juncture of Western Asia and Eastern Europe, it is bordered by Turkey to the west, Georgia to the north, the de facto independent Nagorno-Karabakh Republic and Azerbaijan to the east, and Iran and . General Banking Law of , an act providing for the regulation of the organization and operations of banks, quasi-banks, trust entities and for other purposes. R.A. 29 Sep Anti-Money Laundering Act of R.A. 13 Nov

      Republic of Armenia if he/she applies and receives a document certifying citizenship of the Republic of Armenia according to the procedure prescribed by this Law. In this case, a person is considered a citizen of the Republic of Armenia since the entry into force of the Law of the Republic of Armenia HO of 6. Republic of Armenia, the Law of the Republic of Armenia on ‘The Central Bank of the Republic of Armenia”, other Armenian laws, international agreements of the Republic of Armenia and other regulations for cases, stipulated by the banking accounts and deposits. 4. Bank gold includes gold bullions produced in refineries, which are a.


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The law of the Republic of Armenia on banks and banking by Armenia (Republic) Download PDF EPUB FB2

Activities of banks in the territory of the Republic of Armenia shall be regulated by this Law, the laws of the Republic of Armenia on The Central Bank of the Republic of Armenia, Bankruptcy of Banks, Credit Organizations and Insurance Companies, Banking Secrecy, other laws, and in cases provided for by the herewith legislation it shall be regulated by the normative regulations of the Central Bank.

REPUBLIC OF ARMENIA LAW Passed by the National Assembly on J ON BANKS AND BANKING SECTION 1 GENERAL PROVISIONS Article 1. Framework of the law This laws defines the procedure and provisions for registration, licensing, regulation and suspension of activities and supervision of the banks registered in Armenia, branches of.

EXTRACT REPUBLIC OF ARMENIA LAW ON BANKS AND BANKING. (Adopted on June 6, ) Article Restrictions on the acquisition of significant equity interests in the statutory funds of banks. An individual or affiliated persons may acquire a significant participation in the statutory fund of a bank as a result of one or several transactions only upon the prior consent of the Central Bank.

The Central Bank of Armenia is a legal entity, the sole founder of which is the Republic of Armenia. The Central Bank operates in accordance with the Constitution and legislation of the Republic of Armenia. Activities of banks operating in the Republic of Armenia shall be stipulated by this law, laws of the Republic of Armenia on “The Central Bank of the Republic of Armenia”, “Bankruptcy of Banks, Credit Organizations, investment companies, investment fund managers and Insurance Companies”, “Banking Secrecy”, other laws, and, in cases provided by the legislation, normative acts of the Central Bank.

accountant or person performing such duties in banks, investment companies, insurance undertakings, regulated market operator, as well as of the Central Depositary shall be defined respectively by the laws of the Republic of Armenia on Banks and Banking, on Insurance and Insurance Activities, and on Securities Market.

ARTICLE 1. The Central Bank of the Republic of Armenia 1. The Central Bank of the Republic of Armenia (hereinafter referred to as the Central Bank) is a legal entity vested with state duties, the sole founder of which is the Republic of Armenia. The Central Bank operates in accordance with the Constitution and legislation of the Republic of Armenia.

The Central Bank of the Republic of Armenia 1. The Central Bank of the Republic of Armenia (hereinafter referred to as the Central Bank) shall be a legal entity the sole founder of which shall be the Republic of Armenia. The Central Bank shall act under and be governed by the Constitution and the laws of the Republic of Armenia.

The Central Bank is a uniform. Armenia Country Report – January PAGE 4 of 25 A. Methodology and overview of the banking system in Armenia 1) Methodology 5.

The analysis and recommendations contained in this report are based on desk research carried out by the EBRD and responses to written questionnaires sent to one law firm; the Central Bank of Armenia. The banking system remains the biggest part of the Armenian financial market.

As of 31 Decemberthere were 17 commercial banks operating in the Republic of Armenia. They had branches in Armenia and in Nagorno Karabakh, from which were located in Yerevan. The total number of employees in the Armenian commercial banks was ab Union of banks of Armenia is a union of banks operating in the territory of Republic of Armenia which was founded on the 27th of July,according to the law "on banks and banking activity" and number one decision of commercial banks' constitutive meeting.

The Central Bank of the Republic of Armenia is a legal entity empowered with state functions. The primary goal of the CB is price stability in the Republic of Armenia.

The CB coordinates the primary goal with the Government of Armenia, as stipulated by the Armenian Law on State Budget, and approved by the National Assembly of Armenia. Financial sector regulations, Including laws on the Central Bank of the Republic of Armenia, Consolidated Financial Regulation and Supervision, Currency Regulation and Currency Control, Banks and Banking, Credit Organizations, Banking Secrecy, Bankruptcy of Banks and Credit Institutions, Guarantee of Remuneration of Bank Deposits of Physical.

The Central Bank of the Republic of Armenia (hereinafter referred to as the Central Bank) is a legal entity vested with state duties, the sole founder of which is the Republic of Armenia. The Central Bank shall act under the Constitution and the laws of the Republic of Armenia. FinDev Gateway hosts the largest, free collection of online resources on microfinance and financial inclusion.

Explore over 8, publications, trainings, events, jobs and announcements which have been curated by our editors and submitted by a wide range of organizations from around the world.

The rules of administration of banks’ insolvency and bankruptcy cases are established by this Law, other laws, and legal acts of the Central Bank of the Republic of Armenia (hereinafter Central Bank) in cases and manner provided for by this Law.

Article 2. The rules of administration of banksí insolvency and bankruptcy cases are established by this Law, other laws, and legal acts of the Central Bank of the Republic of Armenia (hereinafter the Central Bank) in cases and manner provided for by this Law.

(Changed according to LAS, ) Article 2. Insolvencyof Banks 1. This Law shall not regulate the procedure of adjudging a bankrupt the bodies of the central and local governments, budgetary enterprises and institutions, t he Central Bank, banks, and insurance companies registered in the Republic of Armenia.

Article ptcy (Insolvency) of. of this Law, of a bank chief executive and a chief accountant, or a person with similar responsibility for accounting are established by the law of the Republic of Armenia “On Banks and Banking”. The peculiarities of distribution of such rights and duties of an insurance company management and a chief accountant, or a person with similar.

There are both local and international banks in Armenia, the latter of which are either fully or partially owned by non-Armenian -Credit Agricole Bank’s 28% is owned by the French Credit Agricole Banking Group, Russian Gazprombank owns Areximbank, % of Anelik Bank’s shares belong to Lebanese Credit Bank, the Byblos Bank shares are split between.

Legislation on Banking Legislation on Securities, Currency Regulation and Currency Control Penal Law, Criminal Action and Criminal Penitentiary Legislation Yerevan, Republic of Armenia [email protected] Information phone .This has pushed banks to revise rates on loans and deposits downwards, evidenced by dropping credit and deposit rates f7% to 10,7% and from 9,7% to 5,3% in respectively.

The Central Bank of Armenia is charged with.Byblos Bank Armenia opened in as the legal successor of the "International Trade Bank" operating since Converse Bank, opened in as "North Armenian Shareholding Bank", incorporated into Converse Bank in Evocabank opened in as Prometheus Bank, and renamed in as Prometey Bank.

It was re-branded in as Evocabank.