DEVELOPMENT AND INVESTMENT CORPORATION OF ARMENIA

A strong exchange rate has reduced banks' currency-induced credit risk, with loan dollarization levels falling to 34% by Aug. 31, 2023, from 45% at end-2021, , according to S&P’s Global Banks Outlook 2024 titled "Forewarned is forearmed

Some 36bln drams of personal income tax were refunded to 29,000 mortgage borrowers in Armenia in 2022, the State Revenue Committee said in a report on its performance in 2022

By a vote of 65 the Armenian parliament on Thursday ratified a Eurasian Economic Union’s Agreement on the Procedure of Transferring Information Included in Credit Histories

Top managers  of Acba Leasing and the EBRD Green Economy Financing Facility (GEFF) in Armenia organized a meeting for businessmen to tell them how to invest their money properly, how to take advantage of government subsidy programs to manage their own economy more wisely  with fewer resources, but with greater results,  the press service of Acba Leasing said

ACBA Leasing, the first and leading company in Armenia's leasing market, has announced its rebranding

Armenia's first specialized leasing company - ACBA Leasing - was founded 18 years ago. Initially, its staff consisted only of employees of Acba Bank, later the staff expanded and grew, the company's press service said today

The Management Board of the Central Bank of Armenia (CBA) said today it has invalidated the license that was awarded to Nor Horizon universal credit organization

Armenian credit organizations have written off 500 million drams worth loans of those who were killed during the last autumn war in the Nagorno-Karabakh conflict zone and their family members, chairman of the Central Bank Martin Galstyan told a parliament session today

Armenia's national postal operator Haypost said it is setting up a subsidiary credit organization Post Credit. Haypost said it has applied to the Central Bank of Armenia to get official registration and license for running Post Credit

By a vote of 115 to 4 abstentions Armenia's National Assembly has approved today in the second and final reading a set of amendments to the Civil Code and a package of related draft laws proposed by the opposition Bright Armenia party's parliamentary faction