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 Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.
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
To assist business entities to reequip their equipment Acba Leasing offers purchase of necessary tools on leasing under a government assistance program at actual interest rates starting at 0.63%, the press-service of Acba Bank reported. It said the special offer is valid until December 31, 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
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
The AMD denominated coupon bonds issued by FINCA UCO CJSC and underwritten by ARARATBANK OJSC on February 14, 2022, will be listed on the Armenia Securities Exchange on March 9, 2002
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
The Armenian dram continues to devalue and the economic situation is difficult, Edgar Karapetyan, director for strategy and innovation at Galaxy Group of Companies, wrote on his Facebook page. He said the US dollar is already trading at 520-525 drams
