Sat, 28 June
16.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

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.

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.

Ameriabank’s MyInvest Platform Gains Direct Access to AMXTrader Trading System

Ameriabank has become the first bank in Armenia to provide its investment clients with direct access to the Armenia Stock Exchange (AMX) trading system, AMXTrader, through the MyInvest platform.

Euro jumps 2.96 points against the Armenian dram, as US dollar and ruble riose slightly

The average market exchange rate of the US dollar against the Armenian dram as of June 20, 2025, rose by 0.87 points compared to June 19 and amounted to 385.68 drams.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

VTB (Armenia) becomes official partner of Music for the Future Foundation

VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.

Armenian Deputy Prime Minister and new IMF mission chief discuss capital market development and digitalization

Issues related to the capital market, reduction of cash circulation, e-commerce, and digitalization were discussed yesterday by Armenian Deputy Prime Minister Mher Grigoryan and the new head of the IMF mission in Armenia, Alexander Timan.

No problems: Head of Armenia’s Central Bank on threats to banking sector from  Israel-Iran confrontation

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.

Armenia to Strengthen Drinking Water Supply and Irrigation Services with World Bank Support

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.

Central Bank of Armenia has left the refinancing rate unchanged for the third time in a row – 6.75%

At its meeting on June 17, the Board of the Central Bank of Armenia left the refinancing rate unchanged - at 6.75%.

VTB (Armenia) launched a new service for transfers to “Mir” cards of all Russian banks

Retail clients of VTB (Armenia) can transfer funds from their “Mir” cards to cards of Russian users using a new service - through the bank's website.

Finance Minister: Armenia has no problems with public debt management

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’s state budget deficit to drop to 2.8% of GDP in 2028, compared to 5.5% in 2025 – Finance Ministry

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.

CBA introduces Master Documentation for Derivatives and Repurchase Transactions in Armenia

The Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.

Euro to Armenian dram exchange rate fell by 3.77 points

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 13, 2025, fell by 0.25 points compared to June 12 and amounted to 383.23 drams.

Freedom Broker Armenia analytics: A practical tool for navigating the market

Freedom Broker Armenia is strengthening its expert support for investors through the development of its own analytical platform.

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