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Daily Archives: Nov 15, 2019

Armenian central bank concerned over fast growth of consumer loans portfolio

The Central Bank of Armenia is concerned over the fast growth of consumer loans portfolio, Arthur Javadyan, the chairman of the regulator said on Thursday during discussion of the 2020 draft government budget at a regular cabinet meeting

Taxes paid by commercial banks in Armenia up 9.4 percent

Seventeen Armenia-based commercial banks paid a total of 42.3 billion drams in taxes for the first nine months of 2019, the Union of Banks of Armenia reported

Armenia to get €45.8 million budget assistance loan from IBRD

The International Bank for Reconstruction and Development (IBRD) will provide Armenia with a budget assistance loan worth €45.8 million, First Deputy Finance Minister Karen Brutyan said during a government meeting on Thursday

Armenia to bring bankruptcy procedures in line with requirements of doing business rating

Armenia's Parliament has approved today in the first reading a set of amendments to the Law on Bankruptcy, which are designed to bring this procedure in line with the requirements of the World Bank's Doing Business rating