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

Banks

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

Banks

Armenia Central Bank Governor: Open Banking Will Strengthen Clients’ Position with Financial Institutions

The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.
Announces

Planning your trip from a scratch: tips from IDBank

Have you already decided where you want to spend your vacation? While being on a trip is always associated with pleasant expectations, planning it can sometime turn into a real disaster.
Exchange market

Euro to Armenian dram exchange rate continued to decline, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 14, 2026, rose by 0.15 points compared to May 13, to 368.78 drams.
Banks

Loans issued by Armenian commercial banks exceeded 8.16 trillion drams at the end of March

The volume of loans issued by commercial banks in Armenia as of the end of March 2026 amounted to 8,163,745 million drams, compared to 8,035,184 million drams at the end of February, according to data from the Statistical Committee.
Announces

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
ID-card readers to speed up service time in Bank VTB (Armenia)
Next article
Armenian banks-issued cards used outside the country to make around 5 billion drams worth transactions in February