Mon, 6 October
17.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

Armenia has built sustainable banking system- PM

YEREVAN, October 15. /ARKA/. Over the past ten years Armenia has built a sustainable banking system, said Prime Minister Tigran Sargsyan at the second Armenian- Russian interregional forum, kicked off in Yerevan on Saturday.

“This system proved its sustainability during the global financial crisis. But today our financial sector faces different tasks. We must not only deepen, but also expand the financial system,” Mr Sargsyan noted.

Expansion of financial system implies establishing financial institutions, which will offer new, cheaper investment, credit risk insurance and other services.

“On our side, we have already initiated a number of new projects in these spheres, which will be implemented in the near future,” he added.

The forum gathered over 300 representatives of the central and regional authorities, business, non-governmental organizations of Russia and Armenia, the delegation of Russia’s 13 regions, and all regions of Armenia.—0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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

LATEST NEWS

spot_imgspot_imgspot_img