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Daily Archives: Oct 27, 2022

Top 10 Armenian banks by size of profit in Q3 2022

Banks
As of September 30, 2022, the profit after tax of the 17 Armenia-based commercial banks exceeded AMD 187.7bln, having increased by 193.29% as compared to the same period of the last year

Armenian government approves $100 million loan agreement with ADB

Banks
A $100 million loan agreement between Armenia and the Asian Development Bank was among the non-negotiated bills approved by the government of Armenia at Thursday’s meeting

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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