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News

US dollar exchange rate slightly down, those of euro and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on May 13, 2025, decreased by 0.78 points compared to May 12 and amounted to 388.08 drams.

Another protest against banking fraud held in Yerevan

Another protest by citizens who suffered from banking fraud took place on Tuesday near the building of the Central Bank of Armenia in Yerevan.

Investigative Committee of Armenia intends to fight bank fraudsters together with  Central Bank

Armenia's Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens' money, the head of the Investigative Committee Artur Poghosyan said today in parliament.

VTB (Armenia) increased the volume of loans issued based on the borrower’s credit history by 2.5 times

The volume of loans issued to small businesses under the New Partner program in the first quarter of 2025 exceeded 160 million drams. This is almost 2.5 times more than in the same period last year.

Euro exchange rate to Armenian dram collapsed by 8.65 points

The average market exchange rate of the U.S. dollar to the Armenian dram on May 12, 2025, decreased by 0.39 points compared to May 8 and amounted to 388.86 drams.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Profit of the Armenian banking system in the first quarter of 2025 increased by 24.9% to 100.6 billion drams

he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.

Central Bank of Armenia recommends banks to freeze credit obligations with signs of fraud – Galstyan

As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

Inflation of 3.2% registered in Armenia in April

In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.

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

At its meeting on May 5, the Board of the Central Bank of Armenia left the refinancing rate unchanged - at 6.75%.

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

Finance Minister States Condition for Improving Armenia’s Country Rating**

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.

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