Thu, 3 April
16.1 C
Yerevan
USD: 391.32 RUB: 4.67 EUR: 432.53 GEL: 141.78 GBP: 514.27
spot_img

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 Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img