Tue, 14 October
13.1 C
Yerevan
USD: 382.57 RUB: 4.73 EUR: 443.25 GEL: 141.20 GBP: 510.46

Law on Panarmenian Bank voided by Armenian authorities – media

YEREVAN, March 15. /ARKA/. The Armenian authorities intend to void the Law on Panarmenian Bank, Zhamanak reports.

The law was adopted in December 2008. The thing is that the bank was established formally, but in fact, failed to operate.

The Panarmenian Bank, the development bank, received its license in June 2011. Its only shareholder was the Central Bank of Armenia. The bank’s authorized capital amounted to AMD 7.5 billion. In August 2017, it was transformed into an investment fund. ($1 – AMD 486.75). -0-

spot_img

POPULAR

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.

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

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

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img