Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and a possible weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.
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
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and a possible weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.
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
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
In a few days Yerevan will be fragrant with the scents of wine and become a little tipsy with wine lovers, winemakers and tourists gathering in the center of the capital
Armenian Finance Minister Tigran Khachatryan said today that in 2021 the budget deficit was 4.6% of GDP, having decreased by 0.8 p.p., and the government debt was 60.3% of GDP, which was 2.3% less than at the end of 2020
According to the Macroeconomic Outlook for 2022–2024 released by the Eurasian Development Bank (EDB), higher inflation reported in the bank’s region of operations in March and April 2022 will remain elevated in 2023
Armenian Finance Minister Tigran Khachatryan and Paolo Spantigati, the head of the Yerevan Office of the Asian Development Banks (ADB), discussed today ADB's current and future projects in Armenia, the Finance Ministry's press service reported
Within the framework of the World Economic Forum held in Davos, on May 24, CEO of the Warsaw Stock Exchange Marek Dietl and CEO of the Armenian Securities Exchange Hayk Yeganyan, in the presence of President of the Republic of Armenia Vahagn Khachaturyan and President of the Republic of Poland Andrzej Duda, signed a Letter of intent on the acquisition of 65.03% of the shares of the Armenian Securities Exchange by the Warsaw Stock Exchange. The signing of the master contract will take place in June in Armenia
At its May 24 sitting, the Board of the Central Bank of Armenia gave its consent to the acquisition of the Armenian Securities Exchange (AMX) by the Warsaw Stock Exchange
The end of 2020 saw the crypto markets boom and mature, with different sectors flourishing as Bitcoin, the world's first and most-popular cryptocurrency, was reaching new all-time highs and altcoins (all cryptocurrencies other than Bitcoin) were growing at a rapid pace
Another solar photovoltaic power plant was built on a 7.5 hectare land plot in Talin with the assistance of Acba Bank. The Talin-2 power plant will produce 10.5 mln. kWh of electricity annually, Acba Bank’s press service reported
Davit Bek (date of birth unknown, died at the end of 1728) - a leader of the Armenian national liberation movement, a military commander. He served in the army of the king of Georgia Vakhtang VI
The Warsaw Stock Exchange (WSE) announced today that its Board of Directors gave a conditional approval to acquisition of 65.03% interest in Armenia Securities Exchange (AMX)
Some 61,921 cash registers of new generation have been installed in Armenia so far, out of which 12,546 have been reactivated to handle also cashless payment, State Revenue Committee Chairman Rustam Badasyan said at a governmental session on Thursday
