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Daily Archives: May 18, 2021

VTB Bank (Armenia) earns record high profit of 2 billion drams in 2020

Banks
VTB Bank (Armenia) CJSC has published its annual financial statements for 2020 in accordance with International Financial Reporting Standards (IFRS), the press service of the bank reported

Armenian banks forgive 2.5 billion drams worth loan debts

Banks
Armenian banks have already forgiven 2.5 billion drams worth loan debts, chairman of the Central Bank Martin Galstyan said on Tuesday, speaking at a meeting of the parliamentary committee on financial and budget issues

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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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