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Monthly Archives: October, 2020

Armenian banks award ‘credit holidays’ to participants of Karabakh war

Armenian commercial banks will award the so-called 'credit holidays' to those borrowers who are now fighting in Nagorno-Karabakh against the Azerbaijani aggression, Deputy Finance Minister Arman Poghosyan said at a press conference on Wednesday, adding that their decisions is voluntary

Decrease in population’s deposits in banking system of Armenia does not exceed 1% – regulator

YEREVAN, October 28. /ARKA/. The decrease in the population's deposits in the banking system of Armenia does not exceed...

Armenia’s central bank sees no need to interfere in exchange rate fluctuations

The Central Bank of Armenia has not carried out interventions over the past month and does not see the need to interfere in the fluctuation of the exchange rate, Central Bank Chairman Martin Galstyan said Tuesday at a press conference

Armenian prices drop by 0.2% in September, 2020

Armenian prices in September 2020 dropped by 0.2%, the chairman of the Central Bank Martin Galstyan said today, adding that in 2019 September the price index saw 0.2% inflation

Armenia to receive 17. 9 million euro loan from IBRD

The Armenian parliament has ratified today a loan agreement with the International Bank for Reconstruction and Development on additional financing within the framework of Social Investments and Local Development program

Armenian central bank leaves refinancing rate unchanged – at 4.25%

The Central Bank of Armenia left Tuesday the refinancing rate unchanged, at 4.25%, the press service of the regulator reports

Armenian banks to forgive loans of those killed in hostilities or became disabled

Armenia's National Assembly has passed today in the first reading a set of changes to the Tax Code, which if approved in the final reading, would give the local commercial banks and credit organizations the right to forgive the credit obligations of the borrowers who have died in the war in the Nagorno-Karabakh or have become disabled

Armenian banks paid almost 38 billion drams in taxes for 9 months of 2020

The list of Armenia's 1000 largest corporate taxpayers in the first nine months of 2020 includes all 17 commercial banks, which have paid more than 37.994 billion drams in various taxes and duties, the State Revenue Committee said today

Fitch Downgrades Armenian City of Yerevan to ‘B+’; Outlook Stable

Fitch Ratings has downgraded the Armenian City of Yerevan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'BB-'. The Outlook is Stable

Armenia to take part in meeting of Expert Group on Financial Inclusion Policy

The Central Bank of Armenia will take part in the meeting of the Expert Group on Financial Inclusion Policy

Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh

The development of the conflict in Nagorno-Karabakh could lead to devastating consequences for the banking sectors of Armenia and Azerbaijan, according to the review of the rating agency Moody's, published by RBC

Armenian deputy prime minister elected deputy chairman of EBRD Board of Governors

Armenia's Deputy Prime Minister Tigran Avinyan was elected Deputy Chairman of the Board of Governors of the European Bank for Reconstruction and Development (EBRD)