Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.
Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), was asked why interest rates on loans have not decreased after the Central Bank reduced the refinancing rate.
Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023, Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.
In December, commercial bank deposits and credits in Armenia grew 4.6 and 3.9 percent (mom), respectively, both driven by AMD-denominated funds, according to 'Armenia Monthly Economic Update – February 2024'.
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
Inflation in Armenia rose to 1.7 percent (yoy) in January 2025, the highest yoy rate since April 2023, acording to the World Bank's “Armenia Monthly Economic Update - February 2024”.
ARKA News Agency announces the launch of the updated website Arkatelecom.am — the first specialized resource in the field of high technologies and telecommunications in Armenia, operating since 2008.
The pace of price growth in Armenia is expected to gradually increase in the coming months, driven by the easing of monetary policy and the recovery in global food prices, according to the weekly macro review of the Eurasian Development Bank (EDB).
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 exclusive interview with ARKA news agency CEO of Armenian Securities Exchange (AMX) Hayk Yeganyan spoke about the strategy of the exchange, prospects of the securities market development, as well as the obstacles on this path
Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.
Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), was asked why interest rates on loans have not decreased after the Central Bank reduced the refinancing rate.
Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023, Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.
In December, commercial bank deposits and credits in Armenia grew 4.6 and 3.9 percent (mom), respectively, both driven by AMD-denominated funds, according to 'Armenia Monthly Economic Update – February 2024'.
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
Inflation in Armenia rose to 1.7 percent (yoy) in January 2025, the highest yoy rate since April 2023, acording to the World Bank's “Armenia Monthly Economic Update - February 2024”.
ARKA News Agency announces the launch of the updated website Arkatelecom.am — the first specialized resource in the field of high technologies and telecommunications in Armenia, operating since 2008.
The pace of price growth in Armenia is expected to gradually increase in the coming months, driven by the easing of monetary policy and the recovery in global food prices, according to the weekly macro review of the Eurasian Development Bank (EDB).
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 exclusive interview with ARKA news agency CEO of Armenian Securities Exchange (AMX) Hayk Yeganyan spoke about the strategy of the exchange, prospects of the securities market development, as well as the obstacles on this path
The Asian Development Bank has revised upwards the growth forecast for Armenia in fiscal year 2021 to 5.2%, from 1.8% predicted earlier, according to its latest Asian Development Outlook 2021 report, released on September 22.
The Asian Development Bank (ADB) said it has approved a $1.3 million technical assistance (TA) initiative to support Armenia in developing a digital platform to host standardized data on land ownership and other geographic information to help improve land resources management
Prime Minister of Armenia Nikol Pashinyan attended Tuesday the opening of Basic School No. 153 named after Rafael Ishkhanyan in Yerevan, Armenia. The newly renovated and seismically safe school is supported by the Asian Development Bank (ADB)
The Asian Development Bank (ADB) has revised its outlook for Armenia’s economy to a 4% decline from the minus 3.5% projected previously, in April, the bank’s press service reported on Tuesday
Asian Development Bank (ADB) President Masatsugu Asakawa and Prime Minister of Armenia Nikol Pashinyan today discussed the impact of the coronavirus disease (COVID-19) pandemic in Armenia and ADB’s operations in the country, the press service of the ADB reported on Wednesday
The Asian Development Bank (ADB) has approved a $2 million grant from its Asia Pacific Disaster Response Fund (APDRF) to support Armenia in its fight against the coronavirus disease (COVID-19) pandemic, the press service of the ADB reported on Tuesday
The Asian Development Bank (ADB) and the Armenian Armeconombank OJSC signed a $15 million loan agreement to increase lending to micro, small and medium-sized businesses owned by women in Armenia, especially in regions outside Yerevan
Armenian President Armen Sarkissian received Wednesday the Head of the Armenian Office of the Asian Development Bank (ADB) Paolo Spintigati, the presidential press office reports
Armenia's Deputy Prime Minister Tigran Avinyan received today the new director of the Yerevan Office of the Asian Development Bank (ADB) Paolo Spantigati.
Armenian Vice Premier Mher Grigoryan received Tuesday newly appointed Asian Development Bank Armenia Country Director Paolo Spantigati, who presented a new five-year ADB-Armenia partnership strategy to the vice-premier, the press office of the Armenian government reports
The Asian Development Bank (ADB) said today it has endorsed a new 5-year country partnership strategy for Armenia focused on increasing economic diversification and ensuring that economic growth benefits all Armenians
Armenian Economy Minister Tigran Khachatryan received Friday an Asian Development Bank delegation headed by ADB Country Director Paolo Spantigati, the press office of the Armenian economy ministry reports