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Daily Archives: Jun 30, 2017

Moody’s assigns B2/np ratings to Anelik Bank; outlook stable

Banks
Moody's Investors Service said in a press release that it has assigned B2 long-term and NP short-term local- and foreign-currency deposit ratings, a b2 baseline credit assessment (BCA) and adjusted BCA, as well as a B1(cr) long-term and NP(cr) short-term Counterparty Risk Assessment (CR Assessment) to Armenia's Anelik Bank CJSCo. The long-term deposit ratings carry a stable outlook

EBRD-managed fund to provide grant for construction of eu-compliant facility

Economy
Supporting Armenia’s effort to become greener, the E5P fund is co-financing the construction of a new landfill for solid waste for the Gegharkunik and Kotayk regions with a €2 million grant

Proceeds from placement of BSTDB bonds to be used for enhancing Armenian economy

Banks
The proceeds from the placement of AMD-denominated nominal coupon bonds (BSTBB1) issued by Black Sea Trade and Development Bank at NASDAQ OMX Armenia

Converse bank unveils “summer” deposit offer

Banks
As part of its earlier launched special offer, Converse Bank has unveiled today the “Summer” deposit offer that should be placed before September

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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.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

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