ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.
The Central Bank of Armenia has not received applications for new banking licensesб the head of the regulator Martin Galstyan, stated at a press conference on Tuesday in response to a question from the ARKA news agency.
In response to inquiries regarding the stability of Armenia's banking sector in the face of external challenges in the current geopolitical climate, Martin Galstyan, the head of the Central Bank of Armenia, has stated that the nation's banking system is currently operating without any issues related to risk management in the context of heightened tensions between Iran and Israel.
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
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
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about about how manageable the debt is and what the main risks associated with it are.
Armenia plans to increase the state budget deficit to 2.8% of GDP in 2028, compared to 5.5% planned for 2025, said RA Finance Minister Vahe Hovhannisyan.
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.
ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.
The Central Bank of Armenia has not received applications for new banking licensesб the head of the regulator Martin Galstyan, stated at a press conference on Tuesday in response to a question from the ARKA news agency.
In response to inquiries regarding the stability of Armenia's banking sector in the face of external challenges in the current geopolitical climate, Martin Galstyan, the head of the Central Bank of Armenia, has stated that the nation's banking system is currently operating without any issues related to risk management in the context of heightened tensions between Iran and Israel.
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
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
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about about how manageable the debt is and what the main risks associated with it are.
Armenia plans to increase the state budget deficit to 2.8% of GDP in 2028, compared to 5.5% planned for 2025, said RA Finance Minister Vahe Hovhannisyan.
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.
On December 8, the agreement was signed between Spartak Sargsyan, National Director of SOS-Children's Villages and Mher Ananyan, Chairman of the Executive Board of ARARATBANK OJSC within the framework of which the bank will finance the canteen of Day Care Centre of "Socioeconomic Integration of Syrian-Armenian Families in Yerevan" project for one year
FMO and AraratBank today announce the signing of a USD 10mln NASIRA loan portfolio guarantee. This innovative risk sharing program will make it easier for AraratBank to provide funding to youth, migrant, women and COVID-19 affected entrepreneurs, as losses on the loan portfolio will be carried by both parties
AraratBank wraps up the 2020 fiscal year with the profit of 1.3 billion Armenian drams, which is a sufficient result in the conditions of the crisis driven by the COVID-19 pandemic and the war, the Bank said today in a press release
Symbiotics, the leading market access platform for impact investing, has arranged a USD 14.5 million Sustainability Bond for AraratBank. Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), has made a USD 5 million subscription to this Sustainability Bond
AraratBank and FMO, the Dutch entrepreneurial development bank — highlighting the financial inclusion — signed a loan agreement for a total amount of USD 25 million
AraratBank has raised EUR 3 million from two funds advised by impact investor Incofin Investment Management: EUR 1, 5 million from Volksvermogen NV and EUR 1, 5 million from Incofin CVSO providing micro entrepreneurs an access to small loans
