Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and a possible weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and a possible weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Armenia's external reserves at the end of August 2019 stood at $2.297.9 billion, an increase of $77.5 million or 0.97% when compared with the previous month of July, the Central Bank said
On September 28 and 29, as part of a special offer #amexweekend, holders of American Express cards will receive 10% CASHBACK for purchases paid for by their cards at the Dalma Garden Mall shopping and service centers (excluding supermarkets), the press service of ACBA-CREDIT AGRICOLE BANK said. It said all #amexweekend terms are available here
Armenia's Central Bank has revised upward its forecast of economic growth for 2019. It said economic activity is high in the third quarter of 2019 and that this trend will also continue in the short term, as a result of which the projected GDP growth for 2019 has been revised upwards to 6.9%
Armenia's Central Bank has put in circulation today 500 silver commemorative coins dedicated to the 150th birth anniversary of great Armenian composer Komitas.
The obverse of the coin depicts sketches made by Komitas, episodes of the first printed edition of the National Anthem (1891). The reverse depicts a portrait of the composer, a contour of the Gevorkian Seminary and images of Armenian and European musical notes
The total amount of revenues collected by Armenian tax authorities in the first half of 2019 was by almost $120 million more than projected, Prime Minister Nikol Pashinyan said during a meeting with the Armenian community of New York on Tuesday
The Stepan Gishyan charity foundation, run by ACBA-CREDIT AGRICOLE BANK and the Armenian Fund for Sustainable Development provided the students of N1 basic school in the town of Ijevan with the opportunity to learn French, the press service of ACBA-CREDIT AGRICOLE BANK reported
The Central Bank of Armenia has provided figures of the financial situation for the first half of this year. The regulator says in its report that its assets totaled over AMD 1,799,599,671,000 as of June 30, 2019 against AMD 1,806,159,872,000 in late December 2018
Armenia's Deputy Prime Minister Tigran Avinyan received today a European Bank for Reconstruction and Development (EBRD) delegation, led by its First Vice President Jurgen Rigtering
The government of Armenia may attract cheap resources by issuing pan-Armenian bonds, Tatul Manaseryan, head of a Yerevan-based think tank Alternative, told reporters on Monday
In the first half of 2019, Unibank directed more than AMD 15,5 billion in support for business. The popularity of business loans among entrepreneurs is conditioned by the accessibility of credit funds and the possibility of fast financing, the bank said in a news release. It said representatives of small and medium-sized enterprises get apply for an unsecured loan of up to AMD 5 million with a simplified procedure
Moody's Investors Service ("Moody's") has assigned a corporate family rating (CFR) of B2, probability of default rating (PDR) of B2-PD to Zangezur Copper Molybdenum Combine CJSC (ZCMC), one of the largest exploration and mining companies in Armenia. The outlook is stable
