The net inflow of private money transfers to Armenia from overseas through the banking sector has nearly halved in the first quarter of 2025, totaling $143.7 million, a sharp decline from $278.6 million during the same period in 2024, as reported by the Central Bank.
VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.
The Central Bank of Armenia has decided to maintain the countercyclical capital buffer at 1.75%. This decision was made following an assessment of the macro-financial landscape and trends within the credit market.
In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.
In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.
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
ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
The Armenian government has ratified an agreement with the Asian Development Bank (ADB) on providing a loan for the "Sustainable and Inclusive Road Section Improvement Project".
An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with 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.
The net inflow of private money transfers to Armenia from overseas through the banking sector has nearly halved in the first quarter of 2025, totaling $143.7 million, a sharp decline from $278.6 million during the same period in 2024, as reported by the Central Bank.
VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.
The Central Bank of Armenia has decided to maintain the countercyclical capital buffer at 1.75%. This decision was made following an assessment of the macro-financial landscape and trends within the credit market.
In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.
In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.
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
ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
The Armenian government has ratified an agreement with the Asian Development Bank (ADB) on providing a loan for the "Sustainable and Inclusive Road Section Improvement Project".
An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with 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.
The bonds of The Crowdfunding Formula (TCF) company were officially listed on the Armenian Stock Exchange (AMX) on April 7, 2025. TCF is the first technology company in Armenia to issue securities.
Armenian Foreign Minister Ararat Mirzoyan visited the Astana International Financial Center (AIFC) as part of his official visit to Kazakhstan, the press service of the Foreign Ministry reported.
The technological underdevelopment of the stock exchange and the lack of open banking are hindering the development of the investment market in Armenia, says Ararat Mkrtchyan, executive director and managing member of the investment company Sirius Capital.
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 national currency, the dram, continued to depreciate gradually against the USD, the World Bank says in its ‘Armenia Monthly Economic Update – January 2024
Armenian authorities are considering the possibility of assisting citizens in purchasing medicines within the framework of the medical insurance system, Armenian Prime Minister Nikol Pashinyan said, answering the questions of Armenian residents and representatives of the Diaspora online
Armenian lawyers are opposing a set of amendments to the laws "On Banking Secrecy" and "On Insurance and Insurance Activities" proposed by the State Revenue Committee (SRC).
More than 11 thousand hectares of agricultural lands in Armenia have already been insured against four types of losses due to adverse events, said Ira Panosyan, the head of Agricultural Programs Development Department at the Ministry of Economy
The Armenian government on Thursday approved a draft law on ratification of the Agreement on Establishment of Eurasian Reinsurance Company, signed on October 20, 2022 in Yerevan
Armenian farmers growing 13 types of crops: grapes, apricot, peach, plum, cherry, sweet cherry, watermelon, melon, apples, potato, as well as wheat and barley can insure their future crops against late spring frost, drought, hail and fire, the Ministry of Economy said on Monday
