Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and a possible weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.
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
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and a possible weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.
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
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Armenia’s external public debt in the first quarter of 2014 was 0.8 percent down from the same time span in 2013 to $3.867.1 billion, the National Statistical Service (NSS) said today
Armenia's overall GDP in the first quarter of 2014 amounted to 750.38 billion drams, a 3.1 percent year-on-year rise, according to the latest numbers released today by the National Statistical Service (NSS)
VTB Bank (Armenia) said today it has joined Tandem Transfers, the first national system of remittances, which allows its customers to send and receive money transfers without opening an account both within Armenia and abroad
The chairman of Armenia’s Central Bank, Arthur Javadyan, will participate in the meeting of the Dutch Group of the IMF and World Bank, to be held from May 30 to June 2 in The Hague, the press service of the Central Bank said
French University in Armenia will launch a new four-year bachelor program on finance in banking and insurance businesses in the next academic year, Jean-Jacques Montois, the head of the university, told journalists on Thursday
The Ministry of Finance of Armenia submitted to Eurasian Development Bank (EDB), being the Resources Manager of the EurAsEC Anti-Crisis Fund (ACF), the project plan to construct the North-South road corridor
The Armenian dram fell 1.86% against the U.S. dollar over the first quarter of this year, and the dollar then traded at 413.31 drams, on average, the Central Bank of Armenia says in its 2nd Q monetary policy program and 1st Q monetary policy performance report
Armenia’s Central Bank said today its obligations stood at 1.273.2 trillion drams on March 31 dropping by 152.9 billion drams or 10.7% from the beginning of the year
Total assets of Armenia’s Central Bank in the first quarter of 2014 dropped by 148.4 billion drams or 10.5% from the beginning of the year to over 1,266.3 billion drams, the press office of the Central Bank reported
Araratbank’s securities turnover rose to 1.5 billion drams in five months of 2014, more than three times as much as in 2013, general director of NASDAQ OMX Armenia Konstantin Saroyan told reporters Monday
Interventions by the Central Bank of Armenia in forex market in 2013 aimed at preventing the dram revaluation and supporting exports, head of the Central Bank Artur Javadyan said on Monday
