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Tag: BANKING SYSTEM

Armenian banking system has successfully gone through coronavirus pandemic, war and domestic political crisis – Pashinyan

Banks
Prime Minister Nikol Pashinyan took part December 27 in a reception organized at the Central Bank on the occasion of the New Year and Christmas. Nikol Pashinyan congratulated the personnel of the Central Bank and the banking sector of Armenia on the coming holidays, wishing them success and all the best

Share of non-performing loans in Armenia’s banking system may increase from 6.7% to 10% – central bank

Banks
The share of non-performing loans in Armenia's banking system may increase from 6.7% to 10%, Chairman of the Central Bank of Armenia Martin Galstyan said at a press conference on Tuesday

Decrease in population’s deposits in banking system of Armenia does not exceed 1% – regulator

Banks
YEREVAN, October 28. /ARKA/. The decrease in the population's deposits in the banking system of Armenia does not exceed...

Araratbank board chairman: Armenian banking system is stable despite enormous stress

Banks
Macroeconomic analysis shows that the impact of the coronavirus pandemic on Armenia's banking sector was not as strong as expected, and the system itself turned out to be stable, Araratbank Board Chairman Grigor Hovhannisyan told reporters yesterday

Armenian banking system’s total capital increased 2.1% in 1st Q 2020 to 862 billion drams

Banks
The total capital of the banking system of Armenia for the first quarter of 2020 increased 2.1% to 862 billion drams, Seyran Sargsyan, executive director of the Union of Banks of Armenia, told reporters at an online press conference on Tuesday

Pashinyan, Haroutunyan point out necessity of bolstering Artsakh’s banking system

Banks
Armenian Prime Minister Nikol Pashinyan and President of Artsakh Arayik Haroutunyan met today in Stepanakert with representatives of Armenia’s and Artsakh’s banking systems, the press office of the Armenian government reports

Armenian banking system is one of the most stable in the region

Banks
Armenia's banking system is one of the most stable in the region thanks to stringent regulatory standards, Mher Abrahamyan, Chairman of the Union of Banks of Armenia (SBA) said on may 14

Armenian regulator urges everybody not to disseminate disinformation and says banking system is stable

Banks
The Central Bank of Armenia, reacting to some people’s concern over the country’s banking system, issued a statement on Wednesday urging people not to spread disinformation about the state of the banking system

Armenian banking system able to absorb possible risks

Banks
The outcome of stress tests carried out by the Central Bank of Armenia indicates that the national banking system is able to absorb potential risks

Banking system sufficiently capitalized to withstand more severe scenarios of possible currency upheavals – Central Bank chairman

Banks
Armenia's banking system is sufficiently capitalized and able to withstand more severe scenarios of possible currency upheavals, Central Bank chairman Artur Javadyan said on Tuesday

Private transfers to Armenia rose to about $164.2mln in June

Banks
Private transfers to Armenia through the country’s banking system amounted to about $164.2 million in June, an increase of 2% compared to the same period of 2013, the Central Bank of Armenia says on its website

Armenia has one of the most stable banking systems in region: board member says

Banks
A Central Bank of Armenia Board member Armenak Darbinyan praised today the country’s banking system describing it as ‘one of the most stable financial systems in the region’, adding also that this should be advertised vigorously among citizens

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US dollar rate down 0.35 points to 397.92 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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