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Government bonds worth AMD 5 billion auctioned at NASDAQ OMX Armenia

YEREVAN, June 21. /ARKA/. Government bonds of AMGN60294227 series and the total cost of AMD 5 billion have been presented for auction at NASDAQ OMX Armenia, the press office of the stock exchange reported on Tuesday.

Their maturity date is April 29, 2022, average weighed yield 8.9968% and cut-off point 9.08%. ($1 – AMD 480.54). M.V.—0—–

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch Affirms Armenia at ‘BB-‘; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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