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Daily Archives: Nov 20, 2023

WB: Armenia’s financial system remains solid

The financial system remained solid with loans and deposits growing at 2 percent and 0.6 percent (mom), respectively, , the World Bank said in its Armenia Monthly Economic Update – November 2023

Two Armenian banks granted right to issue Chinese UnionPay cards

Armenia's Central Bank has granted two local banks- Converse Bank CJSC and Acba Bank OJSC - permits to participate in the UnionPay International foreign payment and settlement system, the regulator's website reported

Armenian government approves loan agreement with OFID fund for 50 mln euros

The Armenian government on Friday approved a 50 million euro loan agreement concluded with the OPEC Fund for International Development (OFID)