Mon, 17 February
-2.9 C
Yerevan
USD: 396.51 RUB: 4.36 EUR: 414.95 GEL: 140.05 GBP: 498.65
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BTA Bank Armenia’s Kentron branch moves to new address

YEREVAN, January 31, /ARKA/. The Central Bank of Armenia said the Kazakh-run BTA Bank’s Kentron branch in Yerevan has moved to 29-29, Sayat Nova street.

BTA Bank has branches in Kazakhstan, Russia, Ukraine, Belarus, Georgia, Armenia, Kyrgyztsan and Turkey. It has also offices in Chain and United arab Emirates.

Accoridng to ARKA’s data, as of December 31, 2011 BTA Bank Armenia’s total capital stood at 5.5 billion drams, assets were worth 9.4 billion drams and liabilities – 4 billion drams. ($1 – 386.77 drams).  -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

‘Bad’ loan assistance program launched in Armenia: 1000 applications already submitted

A scheme designed by the Armenian government to support citizens with bad loans started  on February 1 with 1000 beneficiaries having already submitted online applications,  Deputy Minister of Labor and Social Affairs David Khachatryan said today.

Share of problem loans in Armenia has decreased to 1.2% – EFSD report

The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”

Euro jumps 1.96 points to AMD 414.95

The average market exchange rate of the U.S. dollar to the Armenian dram on February 14, 2025, totaled 396.51 drams, having risen by 0.09 points compared to February 13.

Gap between loans and deposits in Armenian banks narrowed 6 times to AMD 89 bln in r 9 months – EFSD

Bank lending growth rates in Armenia exceeded the growth rates of deposits (21.1% and 10.8% y/y, respectively) by the end of September 2024,  contributing to the reduction of excess liquidity in the banking sector, the Eurasian Fund for Stabilization and Development (EFSD) regional economic review “Winter 2024-2025” says.

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