Sat, 23 August
32.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

ADB ready to strengthen and deepen cooperation with Armenia

YEREVAN, July 24. /ARKA/. Armenian Finance Minister Vahe Hovhannisyan received on Monday Paolo Spantigati, the director of the Asian Development Bank’s (ADB)  Resident Mission in Armenia, who is completing his mission in the country, and Donald Lambert, the newly appointed director of the Mission, the press service of the ministry reported.

Hovhannisyan expressed confidence that the effective partnership established with ADB will continue. He also expressed hope for the expansion of the number of programs implemented with ADB in various areas.

Donald Lambert in turn reaffirmed ADB’s commitment to strengthening and deepening bilateral cooperation.

At the meeting, the two sides exchanged views on the ongoing programs implemented with ADB, as well as touched upon improving their effectiveness.

The Asian Development Bank is one of Armenia’s largest development partners. Since 2005 through March of this year, the bank provided more than $1.6 billion in financial assistance, supporting the government’s priorities in transport, energy, water, and urban infrastructure, among others.

In the private sector, ADB supports utilities and infrastructure, financial institutions, and agribusiness. -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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

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

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

LATEST NEWS

spot_imgspot_imgspot_img