Mon, 9 June
20.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

EBRD outgoing director for Caucasus, Moldova and Belarus introduces his successor to Armenian Central Bank governor

YEREVAN, May 3. / ARKA /. European Bank for Reconstruction and Development (EBRD) director for Caucasus, Moldova and Belarus, Paul-Henri Forestier, who is completing his mission, met with the chairman of the Central Bank of Armenia Arthur Javadyan on Friday to introduce his successor Bruno Palvaneru, the press service of the Central Bank said to ARKA.

Javadyan thanked Forestiere for effective cooperation and expressed hope that his successor will help strengthen further bilateral relations.

Javadyan appreciated highly the results of EBRD’s activities in Armenia, which since its inception here has been playing a big role in promoting sustainable economic development of the country by investing in agriculture, energy, transport, municipal and environmental infrastructure, telecommunications and the financial sectors.

Forester expressed his gratitude for the cooperation, noting the high level of cooperation recorded in recent years between EBRD and the banking sector of Armenia, aided by the efforts of the Central Bank.

Since the beginning of its activities in Armenia EBRD has invested around 579 million euros in 110 projects, of which EUR 90 million were directed towards improvement of infrastructures. -0-

spot_img

POPULAR

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

US dollar, euro and Russian ruble exchange rates down against  Armenian dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 15, 2025, decreased by 1.05 points compared to May 14 and amounted to 386.94 drams.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img