ue to technical re-equipment and system improvement work, services in the ArCa payment system are temporarily unavailable from 11:46 a.m., the Armenian Card company reports.
In May, commercial bank deposits and credit grew 1 percent (mom) and 1.3 percent (mom), respectively, - stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
All commercial banks operating in Armenia in January-June 2025 were included in the list of the 1,000 largest taxpayers for the period, having paid more than AMD 107.76 billion to the state budget.
n May, net non-commercial money transfers continued robustgrowth, at 19.5 percent (yoy),- stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
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
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
ue to technical re-equipment and system improvement work, services in the ArCa payment system are temporarily unavailable from 11:46 a.m., the Armenian Card company reports.
In May, commercial bank deposits and credit grew 1 percent (mom) and 1.3 percent (mom), respectively, - stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
All commercial banks operating in Armenia in January-June 2025 were included in the list of the 1,000 largest taxpayers for the period, having paid more than AMD 107.76 billion to the state budget.
n May, net non-commercial money transfers continued robustgrowth, at 19.5 percent (yoy),- stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
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
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
My Step faction at the Armenian National Assembly nominated yesterday Martin Galstyan to the post of the head of the Central Bank of Armenia, Haykakan Zhamanak daily reported Monday night referring to Artak Manukyan, deputy chairman of the parliamentary committee for financial and budgetary issues
Speaking at a news conference today, Armenian Deputy Prime Minister Mher Grigoryan commented on the need to reduce cash flow in the country and switch to cashless payments as part of the fight against the spread of coronavirus
In 2020, Armenia’s GDP growth will slow down to 5.6% due to the exhaustion of the effect of a low comparison base in the ore mining sector as well as a reduction in net exports caused by weak external demand, the Eurasian Development Bank’s division for analyses said in its review.
Some 691.5 million drams (almost $1.4 million) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
From March 20 to this day, Armenian banks have revised lending terms for 96,838 individuals and 3,395 legal entities, Armenian Prime Minister Nikol Pashinyan said
The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region - Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia. The banking sector outlook for Uzbekistan remains stable
Ardshinbank has received the fifth facility from the Black Sea Trade and Development Bank (BSTDB) in the amount of USD 20 million to support small and medium-sized enterprises (SMEs) in Armenia
As of 18:00 on Wednesday, March 25, 2,582 transfer transaction totaling over 512.6 million drams (about $ 1.033 million) have been carried out to a special account to support the struggle against coronavirus in Armenia, the press service of the Armenian government reports referring to the finance ministry
The Central Bank of Armenia has announced yesterday the license of Varks AM Credit Organization invalid, the press office of the regulator reported on Wednesday
The Central Bank of Armenia condemns the attempts of public pressure on financial institutions by various people, the press service of the regulator reports
Armenian Prime Minister Nikol Pashinyan on his Facebook page presented the draft package of first measures to be taken to neutralize the economic consequences of the coronavirus, and also offered to submit proposals and comments on it before March 18, 18:00, by sending them to [email protected]
Citing the situation caused by the outbreak of coronavirus, Armenia's Central Bank said it ceases accepting applications and messages in paper format (hard copies) starting March 23
