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 has ratified today a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD, a WB division) on universal health coverage program.
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.
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 has ratified today a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD, a WB division) on universal health coverage program.
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.
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.
Armenian Minister of Finance Atom Janjughazyan commented today on the possibility of injecting individual bank deposits into the financial system in 2021, when asked by MP Sergey Bagratyan what was being done to turn the country's domestic resources into long-term investments
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
An officers at a bank in Artashat was arrested Tuesday on suspicion of embezzlement of AMD 122 million (around $256,300), the Armenian police department reports on its official website
The ACBA-CREDIT AGRICOLE BANK in cooperation with the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany, organized a training for about 250 farmers, experts, heads of laboratories and business entities engaged in organic agriculture, to share new knowledge and skills, the Yerevan-based bank said in a news release today
The Yerevan-based Converse Bank said it has successfully completed another placement of bonds denominated in three currencies- Armenian drams, US dollars and euros
