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Daily Archives: Nov 25, 2019

Fitch expects Armenia’s gross government debt to decrease to 51.2% of GDP in 2019, and 48.4% in 2021

Fitch Ratings said in a latest report it has greater confidence in the Armenian government's commitment to put debt on a downward trajectory

Fitch Ratings: Armenian banking sector is well-capitalised, but profitibality is low

The banking sector is well-capitalised but profitability is low and loan growth remains high, at 15.4% yoy at September-end 2019, boosted by mortgage loan and consumer lending, Fitch said in a report

Armenia’s third quarter inflation was 0.9 percent

The 2019 third quarter inflation in Armenia grew 0.9% from the same time span of 2018, the National Statistical Committee (NSC) said

ACBA-CREDIT AGRICOLE BANK unveils new format of cooperation as part of “My business, My bank ” initiative

As part of a new format of cooperation called 'My Business, My Bank,' designed for the development of small and medium-sized business in Armenia, ACBA-CREDIT AGRICOLE BANK is showcasing the products of its partners in its own branches