Sat, 1 February
-4.9 C
Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
spot_img

Russia’s Sberbank has no intention to enter Armenian market

YEREVAN, October 17. /ARKA/. Russia’s Sberbank (Savings Bank) has no intention so far to enter Armenian market, German Gref, chairman of the bank’s executive board, told ARKA News Agency.

He also voiced his opinion about the Armenian banking sector’s stability.

“I am not an expert in Armenia’s banking system, but I know that you have a very advanced central bank a well-regulated market,” he said. –0—-

spot_img

POPULAR

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

LATEST NEWS

spot_imgspot_imgspot_img