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

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

Dollar and euro exchange rates against the Armenian dram fell again: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 20, 2026, fell by 0.92 points compared to July 17, reaching 365.93 drams.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 21, 2026, increased by 0.75 points compared to July 20, reaching 366.68 drams.

Armenia approves list of stock exchanges for application of new rules for taxation of bank dividends

At a meeting on Thursday, the Armenian government approved a list of stock exchanges whose listing status will be taken into account when applying a differentiated taxation system for dividends on bank shares.

“Golden Crown” has restricted money transfers from Russia to Armenia and several other countries

The "Golden Crown" payment system has restricted money transfers from Russia to Armenia, Georgia, Kazakhstan, and several other countries following the imposition of new EU sanctions, Russian media report.

LATEST NEWS

spot_imgspot_imgspot_img