Bank of China offers some of its products to Armenian partners free of charge

YEREVAN, October 7. /ARКА/. Armenian Deputy Minister of Economy Varos Simonyan received last week a Chinese delegation, led by Lin Sheng Kiang, the head of the Qatari branch of Bank of China, one of the four leading banks in the world.

Lin Sheng Kiang was said to have presented briefly the Bank of China’s services, designed for small and medium-sized enterprises. He also spoke about building a platform for them to engage in cross-border ties. Currently, the bank is involved in the process of creating cross-border relations with more than 30 thousand organizations in 108 countries.

As a start to cooperation, Lin Sheng Kiang offered interested Armenian companies to use the services of the bank for free.

He also noted that the Shanghai Export-Import exhibition, which opens on November 5 this year, will also provide a good opportunity for its participants.

Lin Sheng Kiang also spoke about the Supply-Demand Matchmaking Conference of the Second China International Import Expo and asked to provide information about it to Armenian businessmen.
Simonyan thanked for the interesting information and promised to hand these materials to interested structures. -0-

spot_img

POPULAR

Armenian dram strengthens against US dollar and weakens against euro and ruble

YEREVAN, August 21. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market on August 21, 2026, fell by 0.1 point to 365.16 drams compared to August 20.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

US dollar, euro, and ruble up against  Armenian dram

YEREVAN, August 20. /ARKA/. The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of August 20, 2026, increased by 0.3 points to 365.26 drams compared to August 19.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img