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

“Unisport” Advances to the Main Round of the UEFA Futsal Champions League

Armenian champions and cup winners "Unisport" have secured a place in the main round of the UEFA Futsal Champions League after recording three consecutive victories in the preliminary round of the tournament.

Armenia approves €80 million loan agreement with OPEC Fund

At a meeting on Thursday, the Armenian government approved a draft loan agreement with the OPEC Fund for €80 million as part of the "Armenia Economic Transformation Program."

Euro, dollar, and ruble exchange rates against the Armenian dram rose after declining in previous days: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.05 points on September 3, 2026, compared to September 2, to 364.19 drams.

Net inflow of remittances to Armenia from abroad increased by approximately 2.2 times in 7 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.56 billion in January-July 2026, compared to $716.6 million in January-July 2025, according to a report from the Central Bank of the Republic.

IDBank Warns of a New Extortion Scheme on Telegram

A new scam technique is becoming widespread in the Russian-language segment of Telegram, including among users in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img