Armenia interested in cooperating with Japanese Mitsubishi UFJ

YEREVAN, May 12. /ARKA/. Armenian Finance Minister Tigran Khachatryan had a meeting with representatives of Japanese Mitsubishi UFJ financial-banking holding in Morocco, the Finance Ministry’s press service reported.

It said they discussed the possibilities of cooperation between Mitsubishi UFJ and Armenia. No other details about the meeting were provided.

The meeting was held in Morocco on the sidelines of the annual meeting of the EBRD Board of Governors (9-12 May), where Armenia was represented by the Finance Minister.

Mitsubishi UFJ Financial Group, Inc. (MUFG) is Japan’s largest financial group headquartered in Chiyoda. It is among the top 10 largest banks in the world. As of the end of 2019, the holding’s net profit was about 528 billion yen. (about $4 billion at current exchange rates). Its market capitalization (MUFG) today exceeds $71.8 billion. –0—

spot_img

POPULAR

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

LATEST NEWS

spot_imgspot_imgspot_img