Tue, 1 July
24.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80
type here...

Russian Fora Bank opens office in Armenia

Banks

YEREVAN, July 24. /ARKA/. The Russian Fora Bank opened an office in Yerevan, the Frank Media outlet reported on Wednesday.

Zaven Arutyunyan was appointed the bank’s chief representative in Armenia.

Fora Bank focuses on trans-border money transfers, including transfers between Russia and Armenia, and cooperates with Ameriabank, one of Armenia’s largest banks.

spot_img

POPULAR

Announces

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.
Announces

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.
Capital market

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.
Exchange market

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.
Economy

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
EU-Armenia SME Fund, managed by Amber Capital, increases investments in renewable energy in Armenia
Next article
Armenian government approves $200m loan agreement for Kajaran tunnel construction