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Daily Archives: Apr 9, 2020

Unibank extends loan repayment schedule

Banks
Citing the coronavirus crisis and aiming to mitigate its consequences for its customers, Unibank said today it will extend the free loan repayment schedule until May 31, 2020. According to a bank's press release, after that the following changes will be made in the loan repayment schedules

Armenian government is considering scenarios for increasing public debt

Economy
The issue of increasing Armenia's public debt is on the government's agenda, however, the cabinet will consider attracting a new loan only if necessary, Deputy Prime Minister Mher Grigoryan stated at a press conference on Thursday

Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan

Banks
Armenian banks have provided individuals and legal entities with "vacations" on loans totaling over 24.7 billion drams, Prime Minister Nikol Pashinyan said at a government meeting on Thursday

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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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