Sun, 22 February
-1.9 C
Yerevan
USD: 376.82 RUB: 4.90 EUR: 443.25 GEL: 140.90 GBP: 507.65

Chairman of Union of Banks Armenia says majority of Armenians are financially illiterate

YEREVAN, May 14. / ARKA /. Ashot Osipyan, the chairman of the Union of Banks of Armenia, said today the majority of Armenian citizens are financially illiterate and that is why a competent analysis, good work of the media help banks to work with their customers.

Osipyan was speaking to reporters after awarding some Armenian media outlets diplomas for their active coverage of developments in financial and banking sectors.

Osipyan said part of the Armenian media is oriented for the general public and part for institutional users. He said this in view the level of covering should be different. In one case journalists should have a professional training and in the other case they should have a basic financial knowledge to be able to explain to the public what is going on in Armenia and how these changes may affect the ordinary citizens’ life,

Special diplomas for active coverage of developments in the economy and the financial and banking sectors have been awarded to ARKA, Arminfo and Mediamax news agencies,  Golos Armenia daily, Armnews , Yerkir Media and Kentron TV channels. Special prizes were awarded also to journalists from Golos Armenia and Orakarg newspapers,  168 Zham semi-weekly and Mediamax news agency. -0-

spot_img

POPULAR

Armenia’s banking system is stable, and a positive impact from TRIPP implementation is expected: UBA head

Armenia's banking system is assessed as stable based on stress tests, and banks are reasonably well capitalized. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated this in response to a question from ARKA news agency.

Armenia is discussing the possibility of providing loans to taxi drivers with transparent incomes

Minister of Economy Gevorg Papoyan announced that he has initiated discussions on providing loans to taxi drivers with transparent incomes.

IV Conference Capital Markets Armenia to Take Place on March 13, 2026, in Yerevan

The IV Conference Capital Markets Armenia, an annual international event dedicated to the development of the capital market of the Republic of Armenia and its integration into the global financial system, will be held in Yerevan at the Marriott Hotel.

Yerevan budget revenues executed 103.6% in January 2026 — Municipality

Yerevan's budget revenues in January 2026 amounted to 7.2 billion drams, compared to the planned 6.9 billion drams, Acting Head of the Revenue Accounting and Collection Department of the Yerevan Municipality, David Hakobyan, announced at a working meeting on Monday.

Share of bad loans is decreasing – head of the Union of Banks of Armenia

The share of bad loans in the system is declining and is less than 2%. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), announced this at a final press conference.

LATEST NEWS

spot_imgspot_imgspot_img