Arka news agency releases Banks of Armenia bulletin for q1, 2018

YEREVAN, August 8. /ARKA/. ARKA news agency has released a new issue of its quarterly bulletin “Banks of Armenia” for the second quarter of 2018. The issue is based on banking organizations’ reports published in the press in the first quarter of 2018, as well as on additional information provided by the banks.

The bulletin consists of 70 pages of tabular information under the following main categories: 1. Description, 2. Assets, 3. Liabilities, 4. Capital, 5. Profits/Losses, 6. Cash Flows, 7. Liquidity and Capitalization, 8. Target risk levels and 9. Profitability.

The bulletin provides an overall view of the financial status of Armenia’s banks and a tool for comparative analysis.

ARKA News Agency was founded on May 1, 1996, and specializes in financial, economic and political coverage. It started issuing its “Activity Indicators of Banks of Armenia” (‘Banks of Armenia’ today) in 1999. The agency released the first issue of its “Credit Organizations of Armenia” in March 2005 and that of Insurance Companies of Armenia in July 2008. —–0—

spot_img

POPULAR

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

Armenia’s Prime Minister Proposes Developing Stock Exchange Listings for the Country’s Mining Companies

Prime Minister of Armenia Nikol Pashinyan thinks that the mining sector should take the lead in developing institutions of public share ownership in the country, including through the listing of companies on stock exchanges.

IDBank to Showcase Environmental and Innovative Initiatives at COP17

Together with its partners, IDBank will participate in the 17th meeting of the Conference of the Parties to the UN Convention on Biological Diversity (COP17), where it will present a number of key initiatives focused on green transformation, digital ecosystems, and biodiversity conservation.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

LATEST NEWS

spot_imgspot_imgspot_img