VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.
Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable.
ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.
The Central Bank of Armenia has not received applications for new banking licensesб the head of the regulator Martin Galstyan, stated at a press conference on Tuesday in response to a question from the ARKA news agency.
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
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about about how manageable the debt is and what the main risks associated with it are.
Armenia plans to increase the state budget deficit to 2.8% of GDP in 2028, compared to 5.5% planned for 2025, said RA Finance Minister Vahe Hovhannisyan.
In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.
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.
VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.
Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable.
ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.
The Central Bank of Armenia has not received applications for new banking licensesб the head of the regulator Martin Galstyan, stated at a press conference on Tuesday in response to a question from the ARKA news agency.
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
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about about how manageable the debt is and what the main risks associated with it are.
Armenia plans to increase the state budget deficit to 2.8% of GDP in 2028, compared to 5.5% planned for 2025, said RA Finance Minister Vahe Hovhannisyan.
In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.
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 development of domestic capital markets is a priority in the region. This reflects not only the reduction of vulnerability of capital flows but also the necessity to strengthen the resilience of financial markets in general, said the Chairman of the Central Bank of Armenia Martin Galstyan during a webinar based on the materials of the new IMF report titled Regional Economic Outlook: Middle East and Central Asia
As of June 30, 2021, the assets of the pension funds managed by Amundi-ACBA Asset Management, exceeded 212 billion drams, the press service of ACBA Bank reported
In the first nine months of 2019, some 251.8 billion drams (the equivalent of $523 million) were invested in the fixed assets in Armenia, which in constant prices was 4.4% higher than the same indicator of 2018, according to the report on the main socio-economic indicators of the Eurasian Economic Union (EEU) for January-December 2019
Assets of Armenia's banks has grown 17% in 2019 to AMD 5.28 trillion (USD 11.03 billion) from AMD 4.964 trillion (USD 10.3 billion) in 2018, Martin Galstyan, a member of the board of the Central Bank of Armenia, said Monday in an interview with Civilnet
The Central Bank of Armenia has provided figures of the financial situation for the first half of this year. The regulator says in its report that its assets totaled over AMD 1,799,599,671,000 as of June 30, 2019 against AMD 1,806,159,872,000 in late December 2018
The combined assets of 17 commercial banks operating in Armenia amounted to 4.362 trillion drams in 2017, having upped by 6.6 percent from the previous year, according to a ranking of Armenian banks by size of assets compiled by Arka news agency
Unibank in 2017 enjoyed a fast growth in all segments of its activity and built up its assets to more than AMD 200 billion, the bank’s press office reported on Wednesday
Non-performing and written-off assets of Armenian commercial banks grew to 6.73% in late August, according to the Central Bank. Some 6.36% were assets held by Armenian residents, it said
The assets of Armenia’s funded pension system, placed in two private pension funds, doubled last year from 2015 to 63.3 billion drams, according to the Central Bank of Armenia
The aggregate assets of 17 commercial banks operating now in Armenia grew by 16.5% in 2016 to 4.049.8 trillion drams. Similarly, the banks’ lending last year increased by 20.1% to 2.538.5 trillion drams
Armenian Central Bank’s net domestic assets grew by 7.2% in July 2016 from the previous month to about 431.5 billion drams, according to Central Bank’s monthly bulletin for July
