Some 30,000 new bank accounts opened in Armenia in March- minister

YEREVAN, April 18. /ARKA/. About 30 thousand new bank accounts were opened in Armenia in March, 2022, Economy Minister Vahan Kerobyan said.

“Our banks carry out the usual know your customer (KYC) checks, which now take a bit longer time due to the fact that we have to check all the companies for their possible involvement in the sanctions lists. This slows down the opening of accounts, nevertheless we had about 30,000 new accounts opened in March,” he said in an interview with Russian Kommersant. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7–13)

Armenia's financial agenda last week focused primarily on the capital market, the banking sector, government borrowing, and the development of payment infrastructure.

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.

LATEST NEWS

spot_imgspot_imgspot_img