In an effort to combat banking fraud, the Central Bank of Armenia is exploring measures to enhance identification requirements, particularly for online loans, according to Deputy Chairman Armen Nurbekyan.
VTB (Armenia) is seeing growing interest in installment loans, offering customers favorable terms for purchases at more than 1,000 partner retail locations across the country.
The Armenian Interior Ministry has warned citizens about widespread fake adds on social networks, allegedly posted by banks, inviting them to apply for quick and cheap loans.
Unibank has reopened the #47 branch in Yerevan, decorated in a modern style to improve the convenience of customer service, the bank's press service reported.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
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 National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
Armenian Deputy Prime Minister Tigran Khachatryan received on Tuesday the IMF mission chief for Armenia Iva Petrova, who is completing her term of office. Alexander Timan, Petrova's successor, also attended the meeting.
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.
In an effort to combat banking fraud, the Central Bank of Armenia is exploring measures to enhance identification requirements, particularly for online loans, according to Deputy Chairman Armen Nurbekyan.
VTB (Armenia) is seeing growing interest in installment loans, offering customers favorable terms for purchases at more than 1,000 partner retail locations across the country.
The Armenian Interior Ministry has warned citizens about widespread fake adds on social networks, allegedly posted by banks, inviting them to apply for quick and cheap loans.
Unibank has reopened the #47 branch in Yerevan, decorated in a modern style to improve the convenience of customer service, the bank's press service reported.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
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 National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
Armenian Deputy Prime Minister Tigran Khachatryan received on Tuesday the IMF mission chief for Armenia Iva Petrova, who is completing her term of office. Alexander Timan, Petrova's successor, also attended the meeting.
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 Law on Crypto Assets is the main law that will kick-start the regulation of this area in Armenia, said Deputy Chairman of the Central Bank Armen Nurbekyan, presenting the draft law and a package of related laws at an extraordinary meeting of the parliamentary committee on financial, credit and budgetary issues.
The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.
Cryptocurrency can open up great opportunities for Armenia, says HenrI ArslanIan, co-founder of Nine Blocks Capital Management, author of the bestselling books in the field of financial services "The Future of Finance" and "The Book of Cryptocurrency".
At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.
In less than a decade, cryptoexchanges have forged a path forward that usually takes conventional exchanges decades if not longer. Today, Bybit and other platforms provide their customers with broad access to investments and other tools for making money from cryptoassets having become real competitors to conventional exchanges, especially considering that access to the latter is very difficult for ordinary citizens
Very often people look at cryptocurrency markets and crypto-exchanges as an affordable counterpart to traditional stock exchanges, where shares of companies are listed
Athletic competitions have been held for thousands of years in all parts of the world; in recent years the cyber sports have become popular. But there is a new type of competition that has appeared on the horizon - crypto-trading. The development of crypto exchanges goes hand in hand with the growth in the number of traders, so it is natural that at some point there is a desire to compete with other market participants
Bitcoin was the first, and has set the initial rules of the game: if you want to obtain cryptocurrency without buying it from an exchange, you have to mine it. Mining is the production of cryptocurrency by connecting computer's processing power to the network
The end of 2020 saw the crypto markets boom and mature, with different sectors flourishing as Bitcoin, the world's first and most-popular cryptocurrency, was reaching new all-time highs and altcoins (all cryptocurrencies other than Bitcoin) were growing at a rapid pace
Cryptocurrency can be bought not only directly on the exchange. BYBIT offers other alternative ways to get the coveted tokens. Moreover, in some cases, buying cryptocurrency through an alternative way, for example, through the Peer-to-peer trading on the BYBIT P2P platform may appear to be more profitable than buying through the exchange
Everything that is new and unusual tends to stress people out. It's enough to remember how many lances were broken before people started using plastic cards en masse, and how many disputes there were about the safety of contactless payments through a smartphone. When people encounter something for the first time this kind of reaction is quite natural
A small café near the university. In front of me is one of the tastiest sandwiches one can get in the neighborhood. I'm totally into it as my friend is enthusiastically telling me about something that's already worth $100. I am not really listening to him, because his story somehow reminds me of a commonplace fraud. I remember only the name - Bitcoin
