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Daily Archives: Jun 10, 2020

ACBA-CREDIT AGRICOLE BANK installs online electronic signature of documents

Banks
ACBA-CREDIT AGRICOLE BANK has installed an online system of electronic signature of documents, expanding the capabilities of remote customer services, the press service of the bank said

Sixty billion drams worth agricultural loans are subsidized by government

Economy
Agricultural loans in the amount of 60 billion drams provided as part of the government assistance measures, designed to offset the consequences of coronavirus outbreak, are fully subsidized by the government, Economy Minister Tigran Khachatryan said on Wednesday

EBRD provides Inecobank with us$ 25 million loan to expand access to finance for Armenian businesses amid COVID-19 crisis

Economy
The European Bank for Reconstruction and Development (EBRD) is providing a US$ 25 million loan to InecoBank, a longstanding partner bank in Armenia, for extending support to private companies that have been affected by the economic impact of the coronavirus pandemic

HSBC Armenia and P&T NGO have jointly implemented “Development Prospects” project in marzes of Armenia

Banks
On June 5, 2020, the official closing ceremony of the “Development Prospects” was held remotely, HSBC Bank Armenia said

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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