Tue, 29 April
13.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

ARMENIA’S CENTRAL BANK revises ratings of five companies

YEREVAN, May 10. /ARKA/. Armenia’s Central Bank said it has revised upward the ratings of three companies and left unchanged the ratings of two other companies. Particularly, the Central Bank has reconfirmed the ‘G’ rating of Antares company  and ‘G-minus’ rating of  Star Divide company.

It has also revised upward the rating on Elite Group company from “Gminus” to “G”, the rating of Glendale Hills company from “G minus” to “G” and the rating of Imex Group from Gplus to B-minus.

Armenia’s Central Bank published its first rankings of 30 Armenian companies in September 2005. The Central Bank publishes only the names of those companies which get high ratings. To publish the names of companies with lower ratings it must have their permission. The Central Bank is ready to accept the bonds of companies with high ratings (A, B, D) as collateral in repo transactions with banks. These companies enjoy also a set of privileges when applying to banks for loans.  -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img