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Car loans by Armenian Banks grow 2.8% to 16.1bln drams in October

YEREVAN, December 14. /ARKA/.  Car loans extended by Armenia’s commercial banks totalled about 16.1bln drams by the end of October, Armenia’s Central Bank reported. This is a 2.8% increase against the amount recorded by the end of September.

Dram loans prevailed in the total number of car financing (99.6%). This means that car loans in drams amounted to a total of about 16bln drams by the end of October, which is an increase of 2.7% against the month before.

There were 21 commercial banks operating in Armenia as of the end of October, 2012. ($1=405.89drams). -00-

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Technological Gaps and Lack of Open Banking Stalling Armenia’s Investment Market- Director of Sirius Capital

The technological underdevelopment of the stock exchange and the lack of open banking are hindering the development of the investment market in Armenia, says Ararat Mkrtchyan, executive director and managing member of the investment company Sirius Capital.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Modern French language class opened in Mastara village school with the support of the Stepan Gishyan Foundation

Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Acba Bank reports.

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