First Pan-Armenian conference of bankers opens in Yerevan

YEREVAN, October 18, /ARKA/. Armenian president Serzh Sargsyan said representatives of financial and banking sector can make a substantial contribution to strengthening of ties between Armenia and its vast Diaspora.

In a message sent to participants of the first Pan-Armenian Conference of Financiers and Bankers he said he expects them to have fruitful discussions on issues that will benefit the Armenian nation and strengthen ties between Armenia and Diaspora.

The Conference, organized by Armenian Diaspora ministry in cooperation with the Central Bank and the Union of Armenian Banks, opened today in Yerevan bringing together 45 bankers and financiers of Armenian origin from Russia, Ukraine, France, UK, Spain, USA, Lebanon and the United Arab Emirates

In the message, read out by Diaspora minister Hranush Hakobian president Sargsyan said Armenians are strong by their unity and solidarity and only the union of the intellectual potential of Armenia proper and its Diaspora can help strengthen the Armenian statehood.

Speaking at the opening ceremony minister Hranush Hakobian said the conference will allow specialists from Armenia and Diaspora to join their efforts for the benefit of Armenia.

“This is especially important in condition of globalization and new challenges of the 21-st century which affect the Armenian world as well,’ she said. -0-

spot_img

POPULAR

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

LATEST NEWS

spot_imgspot_imgspot_img