Tue, 9 December
4.1 C
Yerevan
USD: 381.55 RUB: 4.98 EUR: 444.54 GEL: 141.33 GBP: 508.19

Pashinyan: outgoing year unprecedented for banks in terms of all indicators

YEREVAN, December 29, /ARKA/. Speaking at a reception organized on the occasion of the coming New Year and Christmas by the Central Bank of Armenia Prime Minister Nikol Pashinyan said the outgoing year was very complicated and controversial, full of challenges, but despite it the financial and banking system saw an unprecedented growths in all indicators.

He said the banks’ overall deposit portfolio stands now at 5 trillion drams, and there is also a very high rate of lending to the economy.

He said also that the outgoing year was also unprecedented in terms of profits of the banking system, which generated a profit of around 187 billion drams. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img