Tue, 2 September
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s financial market allows investors to work effectively, BSTDB chairman says

YEREVAN, February 10. /ARKA/. The Chairman of Armenia’s Central Bank Arthur Javadyan received today a delegation led by the President of the Black Sea Trade and Development Bank (BSTDB) Dmitry Pankin, the press service of the regulator reported.

It said during the meeting, the sides discussed a set of issues on bilateral cooperation, as well as BSTDB-financed projects in Armenia.

Pankin said there are favorable conditions for the activities of BSTDB in Armenia, emphasizing that local commercial banks are under reliable control and their financial situation is stable and predictable. He added that these factors are very important for investors enabling them to work effectively in Armenia.

Also, a loan agreement in the amount of $10 million was signed between BSTDB and Armeconombank. Armeconombank will allocate the funds for lending SMEs to finance their projects and investment programs. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia’s overall public debt rose by approximately 1.8% to reach $14.1 billion as of July 2025

As of July 31, 2025, Armenia's total public debt was recorded at $14,098.6 million, an increase from $13,852.1 million as of June 30, 2025,according to the Ministry of Finance.

LATEST NEWS

spot_imgspot_imgspot_img