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Daily Archives: Aug 17, 2016

Insurance companies collected 9.2 billion drams in six months as premiums for mandatory insurance of vehicles

Insurance
Six Armenia-based insurance companies collected a total of 9.2 billion drams in the first half of 2016 as premiums for mandatory insurance of vehicles and paid 3.9 billion drams in damage compensation claims

Armenian banks’ reserves for possible losses on loans grew by 11.7% to 93.5 billion drams

Banks
In the second quarter of 2016 Armenia’s commercial banks increased their reserves for possible losses on loans by 9.7 billion drams or 11.7% to 93.5 billion drams. According to ARKA news agency’s bulletin "Banks of Armenia", these reserves grew by 3.89% from the beginning of the year

Armenian central bank auctions mid-term and short-term government bonds

Capital market
Armenia’s Central Bank said today it had auctioned August 16 some 4,847,500,000 drams worth mid-term government bonds of AMGN36294194 issue with a maturity of up to 29 April 2019

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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