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Daily Archives: Jul 12, 2018

Converse Bank to forgive fines and penalties on individuals’ overdue loans

Banks
Converse Bank has started forgiving fines and penalties on individuals’ overdue loans, the bank’s press office reported on Wednesday

ACBA-CREDIT AGRICOLE BANK to place USD -and Armenian dram -denominated bonds

Banks
The Yerevan-based ACBA-CREDIT AGRICOLE BANK said today it will concurrently place USD - and Armenian dram -denominated bonds to the tune of $5 million and 700 million drams respectively

“Manana” teas export geography doubles over one year

Banks
Organic herbal teas of Armenian origin, “Manana”- are becoming more and more popular in THE European countries and are emerging into new markets, the company said today in a press release

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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