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ARKA develops ratings for www.armbanks.am

YEREVAN, January 27. /ARKA/. ARKA news agency has developed a new product ‘Ratings” for www.armbanks.am, which will be a regular publication of rankings and ratings of various Armenian companies and financial institutions.

‘The goal is to help Armenian business community and ordinary citizens to obtain information about the services provided by Armenian businesses and also raise the level of their financial literacy,” project manager David Manukyan said.

The rating provides systematic and structured information about markets and their players in the most accessible format. The accuracy, relevance and impartiality – these are the principles which were used to develop this product. ARKA has already developed a rating of mortgage loans availability. -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

High profitability of Armenian banks in 2024 was facilitated by growth in net interest income and low level of credit losses – Galstyan

High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.

Euro and dollar exchange rates to the Armenian dram fell, the ruble rose slightly

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 9, 2025, fell by 0.36 points compared to June 6 and amounted to 383.46 drams.

Euro to Armenian dram exchange rate increased slightly – Central Bank data

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 10, 2025, decreased by 0.29 points compared to June 10 and amounted to 383.25 drams.

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