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Daily Archives: Apr 10, 2020

ACBA-CREDIT AGRICOLE Bank continues to finance SMEs and agriculture

Banks
The ACBA-CREDIT AGRICOLE BANK continues to operate in a special mode providing financial assistance to SMEs and the agricultural sector, as well as implementing a string of programs designed to help them boost their development, the bank’s press service reported today

Pashinyan calls for switching to settlements in national currencies within EEU

Economy
Armenian Prime Minister Nikol Pashinyan has again argued today in favor of shifting to settlements in national currencies within the Eurasian Economic Union (EEU)

IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million

Interviews
An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the second review of Armenia’s reform program supported by the IMF Stand-By Arrangement (SBA) during March 12-April 8, 2020. At the conclusion of the mission, Mr. Porter issued the following statement:

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Latest news

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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