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Daily Archives: Jun 29, 2023

Armenian banks set new record in terms of deposits-Pashinyan

Banks
Armenia-based commercial banks have set a new record in deposits volume, which have surged to over AMD 5.5 trillion, Prime Minister Nikol Pashinyan said at a governmental session on Thursday

Moody’s rating agency has upgraded Converse bank’s rating

Banks
Moody’s upgraded Converse bank’s BCA to b1 from b2 and affirmed the bank’s long-term deposit ratings at B1. The rating agency also upgraded the outlook on the B1 long-term deposit ratings to stable

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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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