The Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.
High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.
The assets of the banking system continue to make up the overwhelming majority of the financial system's assets - about 83%, or about 11 trillion drams, said the head of the Central Bank of the republic Martin Galstyan, presenting a report on financial stability for the past year.
Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Acba Bank reports.
For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.
In the consumer market of Armenia, 12-month inflation in May of this year amounted to 4.3%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
The Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.
High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.
The assets of the banking system continue to make up the overwhelming majority of the financial system's assets - about 83%, or about 11 trillion drams, said the head of the Central Bank of the republic Martin Galstyan, presenting a report on financial stability for the past year.
Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Acba Bank reports.
For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.
In the consumer market of Armenia, 12-month inflation in May of this year amounted to 4.3%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
Armenia's 12-month consumer price index in February 2023 amounted to 8.1%, the National Statistical Committee (NSC) reported. It said compared to January 2023 prices rose in February by 0.1%
Fitch Ratings has revised Armenian ACBA BANK Open Joint-Stock Company's (ACBA) Outlook to Positive from Stable. Its Long-Term Issuer Default Ratings (IDRs) has been affirmed at 'B+, Acba Bank said today
Armenian Economy Minister Vahan Kerobyan and German Ambassador to Armenia Viktor Richter signed today an agreement whereby the German Agency for International Cooperation (GIZ) and the KfW Bank will open local offices in Armenia
Acba Bank has joined the UN Women Empowerment Principles program (WEPs), which offers guidance to business on how to promote gender equality and women's empowerment in the workplace, marketplace and community, the bank's press service said
