Fri, 14 February
-0.9 C
Yerevan
USD: 396.42 RUB: 4.33 EUR: 412.99 GEL: 140.53 GBP: 495.29
spot_img

Banks

Gap between loans and deposits in Armenian banks narrowed 6 times to AMD 89 bln in r 9 months – EFSD

Bank lending growth rates in Armenia exceeded the growth rates of deposits (21.1% and 10.8% y/y, respectively) by the end of September 2024,  contributing to the reduction of excess liquidity in the banking sector, the Eurasian Fund for Stabilization and Development (EFSD) regional economic review “Winter 2024-2025” says.

Significant easing of monetary conditions in Armenia had limited impact on banks’ rates – EFSD

Amid low inflation rates, the Central Bank of Armenia has substantially eased monetary conditions, but this has had a limited impact on banks' rates, the Eurasian Fund for Stabilization and Development's (EFSD) regional economic review “Winter 2024-2025” says.

‘Bad’ loan assistance program launched in Armenia: 1000 applications already submitted

A scheme designed by the Armenian government to support citizens with bad loans started  on February 1 with 1000 beneficiaries having already submitted online applications,  Deputy Minister of Labor and Social Affairs David Khachatryan said today.

Viva Armenia Issues its First Bonds Worth $80 Million

Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.

EDB expects Central Bank of Armenia to end refinancing rate cuts  in the first half of the year

The Eurasian Development Bank (EDB) expects Armenian Central Bank to end the refinancing rate cuts in  the first half of 2025 as inflation approaches the target range.

Deposits in Armenian banks at the end of 2024 amounted to AMD 6.46 trillion

The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.

Armenian banks’ lending in 2024 exceeded 6.5 trillion drams

The volume of loans issued by commercial banks in Armenia as of the end of December 2024 amounted to 6,538,702 million drams, compared to 6,016,519 million drams at the end of September, according to a report by the National Statistical Committee of the country.

Fitch Ratings affirms ACBA Bank’s  Long-Term Foreign-Currency  Issuer Default Rating at ‘BB-‘ 

Fitch Ratings has affirmed ACBA Bank OJSC's (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' and its Viability Rating (VR) at 'bb-'.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Record growth of Armenian banks’ profits will allow reaching planned level of economic activity in 2025 – Galstyan

Armenia's banks have reported record profit growth in 2024, Central Bank Chairman Martin Galstyan said today.

Central Bank of Armenia lowers refinancing rate to 6.75%

At its meeting on February 4, the Board of the Central Bank of Armenia reduced the refinancing rate by 0.25 percentage points, setting it at 6.75%.

Net inflow of money transfers to Armenia drops 1.1 times in 2024

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $1.51 billion in January-December 2024, compared to $1.65 billion in 2023, according to the report from the Central Bank of Armenia.

ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

LATEST NEWS

spot_img
spot_img
spot_img