Sun, 24 August
30.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

EBRD to present corporate governance code in April 2010 in Armenia

YEREVAN, March 25, /ARKA/. European Bank for Reconstruction and Development (EBRD) has accomplished development of a corporate governance code and will present it to Armenian companies, banks, regulating bodies and non-governmental organizations, Valeriu Razlog , head of EBRD Yerevan office said March 24 in Yerevan.

He said the code will be posted on the official websites of Armenian ministry of economy, Central Bank of Armenia and EBRD.

“The code is being now translated into Armenia,’ he said Wednesday. “We have not developed a new legislation, but added certain provisions aimed at improving corporate governance in the Armenian companies in line with international standards,” he said in Yerevan after the second session of the forum dedicated to the fighting corruption.

According to Valeriu Razlog, the corporate governance code will be first applied to state agencies, commercial banks and companies listed on the stock exchange. Experience of those entities will help to make appropriate adjustments and amendments. “Since we are at the first stage, regulators will make appropriate changes to the RA legislation.

“Strengthening good corporate governance system” conference has been organized by USAID anti-corruption program jointly with the Ministry of Economy and CAPS/USAID in Yerevan. The conference is attended by over 200 representatives of local and foreign companies, international banks and commercial agencies, as well as government and civil society representatives. -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img