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Daily Archives: Nov 27, 2017

VTB Bank (Armenia) given STP Award 2016

Banks
VTB Bank (Armenia) said today the Citibank gave it the STP Award 2016 for the high quality of international money transfers

Armenian central bank working now to introduce single money transfer system ARUS

Banks
The Central Bank of Armenia invites companies with a rich experience and knowledge in payment and settlement area for launching a single money transfer system ARUS, the regulator’s press office reported on Monday

Around $79 million bought by Armenian banks last week

Banks
Armenia’s commercial banks bought around $79 million from the local foreign currency market on November 20 to 24 at the average weighted exchange rate of 483.21 drams per one USD

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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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