Tue, 24 February
1.1 C
Yerevan
USD: 376.97 RUB: 4.91 EUR: 444.71 GEL: 140.91 GBP: 509.10

Head of Armenia’s CB to attend German-Armenian Fund supervisory board meeting in Frankfurt

YEREVAN, April 28. /ARKA/. Chairman of the Central Bank of Armenia Artur Javadyan will participate in the meeting of supervisory board of German-Armenian Fund in Frankfurt today, the regulator’s press office reported.

The meeting will discuss implementation of various loan programs funded by KfW (Kreditanstalt fur Wiederaufbau) and will consider German-Armenian financial cooperation issues, according to the report.

German KfW has been supporting various projects in energy, water supply, finance and banking and the private sector in Armenia since 1995.

The German-Armenian Fund was established by the two governments in 1998 to support the small-sized businesses in Armenia. –0—

spot_img

POPULAR

Net profit of Armenian credit institutions in 2025 increased 2.9-fold to 56.9 billion drams

The total net profit (after tax) of Armenian credit institutions in 2025 amounted to 56.87 billion drams, compared to 19.50 billion drams in 2024 (an increase of 2.9-fold, or 191.6%).

Armenia’s public debt net of liquid assets will remain stable at 44% of GDP in the medium term – S&P

Taking into account the narrowing budget deficits and high nominal GDP growth, the international rating agency S&P Global Ratings forecasts that Armenia's public debt net of liquid assets will remain broadly stable at a moderate 44% of GDP in the medium term.

The credit and leasing portfolio of Armenian credit institutions in 2025 amounted to 659.7 billion drams

The total credit and leasing portfolio of Armenian credit institutions as of December 31, 2025, amounted to 659.7 billion drams, an increase of 13.96% compared to the same period in 2024.

Ranking of largest credit institutions in Armenia by asset volume in 2025

ARKA News Agency has published a ranking of Armenia's largest credit institutions by total assets for 2025.

In Armenia, more than 21,000 citizens have signed up for cashless pension and benefit payments — Ministry of Social Affairs

By February 19, 2026, 21,539 citizens in Armenia have voluntarily switched to cashless pension and benefit payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

LATEST NEWS

spot_imgspot_imgspot_img