Fri, 31 January
-6.9 C
Yerevan
USD: 397.92 RUB: 4.07 EUR: 413.72 GEL: 138.41 GBP: 494.50
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Dear Friends!

Economy
Less than 1 min.Read

We wish you a Happy New Year! May the year 2022 become for all of us a year of hope and kindness, may it bring peace, prosperity and good luck to every home!

We wish you good health and lots of optimism!

ARKA news agency staff

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POPULAR

Insurance

Insurance market of Armenia is in embryonic state

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Insurance market of Armenia is in embryonic state
Announces

Fitch Affirms Armenia at ‘BB-‘; Outlook Stable

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Fitch Ratings has affirmed Armenia's Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.
Banks

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

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The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.
Banks

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

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The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.
News

Ranking of Armenia’s most profitable banks in 2024

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

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Latist news

US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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