Wed, 6 August
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

BSTDB: armenian banks successfully overcome crisis with petty losses

YEREVAN, October 26. /ARKA/. Armenian banks have managed to overcome the crisis with petty losses, Black Sea Trade and Development Bank President Andrey Kondakov said Tuesday in Yerevan answering ARKA News Agency’s question.

“The Central Bank of Armenia pursued a reasonable, balanced and even to some extent conservative policy for supporting Armenian banks’ liquidity,” he said at a news conference in Yerevan.

Kondakov said that some Armenian banks are the BSTDB’s clients, and others are potential clients.

“We are communicating with them,” he said. “They are transparent and their activities are up to international standards. We speak the same language. It means proper bank-management standards are being introduced in Armenian banking system, and this simplifies cooperation with them.”

Ten active projects worth $70 million are being implemented in Armenia now. -0-

spot_img

POPULAR

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img