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Tag: Banks

Unibank opens renovated branch in Ashtarak

Banks admin -
Unibank has opened its newly renovated branch in Ashtarak

Armenian banks report 21.2% increase in net profit for H1 2024

Banks admin -
The Armenian banking sector achieved a net profit of over 172.1 billion drams in the first half of 2024, marking a 21.2% increase compared to the same period last year, according to data from the banks' reports aligned with international IFRS standards.

Managers of Armenia’s banks visit OVIO data processing center

Banks admin -
At the initiative of the Union of Banks of Armenia and the OVIO company, the management of several Armenian commercial banks visited OVIO’s data processing center, the largest in the country, the OVIO press service reported on Tuesday.

Armenian commercial banks paid 52.3 billion drams in taxes in 2021

Banks admin -
YEREVAN, January 24. /ARKA/. All 17 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in 2021 having paid about AMD 52.3bln in various taxes, the State Revenue Committee said today.

Pashinyan: development of banks will contribute to progress of economy

Banks admin -
YEREVAN, January 13, /ARKA/. Armenian Prime Minister Nikol Pashinyan had a working dinner with heads of banks on January 13.

Armenian banks issue 437 billion drams worth bonds

Capital market admin -
The amount of securities issued by Armenian banks as of late September 2021 was 437 billion drams, according to the Union of Banks of Armenia (UBA)

Armenian banks report 6.7% drop in 9 months’ lending

Banks admin -
The overall lending of 17 Armenia-based commercial banks fell by 6.7% or 279 billion drams in the first 9 months of 2021 to 3.9 trillion drams, Deputy Executive Director of the Union of Banks of Armenia  (UBA) Arman Sargsyan said at a press conference on Friday

Armenia-based banks paid about 41 billion drams in taxes in 9 months of 2021

Banks admin -
All 17 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in the first 9 months of 2021, having paid over 40.9 billion drams in various taxes, the State Revenue Committee (SRC) said today

Armenia-based banks’ lending drops by 6% in first half of 2021 to 3.9 trillion drams

Banks admin -
In the frist half of 2021 Armenia-based banks' lending decreased by about 253 billion drams or 6% from the first half of 2020 and by 189 billion drams or 4.6% when compared to the first quarter of 2021 to 3.9 trillion drams at the end of June, the Union of Banks of Armenia said today

In first half of 2021 Armenian banks earned 40.7 billion drams in income

Banks admin -
Armenia-based commercial banks earned a total of 40.7 billion drams in income in the first half of 2021, by 46.7 million or 0.11% more than in the same time span of 2020, the Union of Banks of Armenia said today

All 17 commercial banks in Armenia paid over 30.06 billion drams in various taxes in first half of 2021

Banks admin -
All 17 commercial banks operating in Armenia paid over 30.06 billion drams in various taxes in the first half of 2021, according to the list of the 1000 largest corporate taxpayers, released today by the State Revenue Committee

Armenia-based banks have enough capital to withstand negative economic shocks, central bank chairman says

Banks admin -
The stress tests conducted by Armenia's Central Bank showed that even under scenarios of a deep recession or a financial market crash, even an apocalyptic scenario, Armenia-based banks have enough capital to withstand negative economic shocks, the chairman of the Central Bank Martin Galstyan told reporters on Thursday

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Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

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The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

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The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

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The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

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