Wed, 3 September
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Union of Banks of Armenia congratulates banking sector employees professional holiday

YEREVAN, November 22. /ARKA/. The Union of Banks of Armenia congratulated today the country’s banking sector’s employees on their professional holiday wishing them health, prosperity and fruitful activity.

On November 22, 1993, Armenia’s national currency- the dram- was put into circulation. Later it was decided to celebrate this day as the Day of the Banking Sector Employee.

The transition to the national currency has created the prerequisites and provided an excellent opportunity for the development of the national financial and banking system and the economy, the Union of Banks of Armenia said.

It attributed all the achievements and successes recorded in the banking system to the professionalism of the banking employees, saying also they are ready to resist and overcome the challenges they face.
Today, more than 11 thousand people work in 526 branches of 17 banks operating in Armenia. In the first 9 months they received a total of 43.2 billion drams in salaries, an increase of 6.4% from the year earlier. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank and NABU partner to clean  2 km stretch of Lake Sevan of plastic (VIDEO)

As part of the Clean Future for Lake Sevan initiative, Acba Bank in partnership with the  German Nature And Biodiversity Conservation Union (NABU), is assisting in the cleanup of Armenia's largest water body from plastic and other debris, according to the bank's press service.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia’s total public debt exceeds $13.8 billion

As of June 30, 2025, Armenia's total public debt amounted to $13,852,137 million, which is an increase of $116,520 million compared to May 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img