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BTA Bank (Armenia) begins issuing free plastic cards to Armenian pensioners

YEREVAN, February 10, /ARKA/. BTA Bank (Armenia) said today it has begun issuing free plastic cards to Armenian pensioners. Under an agreement signed with the labor and social security ministry, the bank will be paying pensions to senior citizens.

As of December 31, 2010 BTA Bank’s total capital stood at 5.2 billion Drams, assets at 8.2 billion Drams and liabilities at 3 billion Drams. Some 48.9% in BTA Bank Armenia is owned by BTA Bank, headquartered in Kazakhstan, 31.1% is owned by Austrian

ZRL Beteilingungs, 16.3% – by Mobilex Energy Ltd (Kazakhstan) and 3.7% by AMK Invest company. -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

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