The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”
Bank lending growth rates in Armenia exceeded the growth rates of deposits (21.1% and 10.8% y/y, respectively) by the end of September 2024, contributing to the reduction of excess liquidity in the banking sector, the Eurasian Fund for Stabilization and Development (EFSD) regional economic review “Winter 2024-2025” says.
Amid low inflation rates, the Central Bank of Armenia has substantially eased monetary conditions, but this has had a limited impact on banks' rates, the Eurasian Fund for Stabilization and Development's (EFSD) regional economic review “Winter 2024-2025” says.
A scheme designed by the Armenian government to support citizens with bad loans started on February 1 with 1000 beneficiaries having already submitted online applications, Deputy Minister of Labor and Social Affairs David Khachatryan said today.
Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.
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
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 overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.
Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).
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
Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's digital team organization. Read the full interview with Andranik Grigoryan
Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in response to ARKA News Agency's inquiry about whether it was planning to toughen prudential requirements for banks, particularly, the liquidity ratio because of the large inflow of non-resident funds
The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”
Bank lending growth rates in Armenia exceeded the growth rates of deposits (21.1% and 10.8% y/y, respectively) by the end of September 2024, contributing to the reduction of excess liquidity in the banking sector, the Eurasian Fund for Stabilization and Development (EFSD) regional economic review “Winter 2024-2025” says.
Amid low inflation rates, the Central Bank of Armenia has substantially eased monetary conditions, but this has had a limited impact on banks' rates, the Eurasian Fund for Stabilization and Development's (EFSD) regional economic review “Winter 2024-2025” says.
A scheme designed by the Armenian government to support citizens with bad loans started on February 1 with 1000 beneficiaries having already submitted online applications, Deputy Minister of Labor and Social Affairs David Khachatryan said today.
Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.
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
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 overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.
Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).
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
Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's digital team organization. Read the full interview with Andranik Grigoryan
Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in response to ARKA News Agency's inquiry about whether it was planning to toughen prudential requirements for banks, particularly, the liquidity ratio because of the large inflow of non-resident funds
The silver commemorative coin, dedicated to the 150th anniversary of the birth of the world famous Armenian composer and musicologist Komitas, issued by the Central Bank of Armenia in 2019, took 3rd place in the Coin of the Year nomination at the 14th international competition Coin Constellation 2020 in the Russian Federation, Armenia's Central Bank reported
Armenia's Central Bank has put in circulation today 500 silver commemorative coins dedicated to the 150th birth anniversary of great Armenian composer Komitas.
The obverse of the coin depicts sketches made by Komitas, episodes of the first printed edition of the National Anthem (1891). The reverse depicts a portrait of the composer, a contour of the Gevorkian Seminary and images of Armenian and European musical notes
Armenia’s Central Bank has issued commemorative silver coins "Vardan Makhokhyan-150". The bank said it has issued 500 coins with the face value of 100 drams
Armenia’s Central Bank said today it has issued 1000 pieces of gold commemorative coins dedicated to the 150th anniversary of the famous businessman and philanthropist Calouste Gulbenkian
Armenia’s Central Bank issued September 10 commemorative silver coins dedicated to the 2800 anniversary of the establishment of the Armenian capital city Yerevan and 25 years of the national currency, the dram
Armenia’s Central Bank said today it has put into circulation commemorative silver coins dedicated to the 100th anniversary of the first Republic of Armenia, the 100th anniversary of the Sardarapat Battle and the World Football Cup 2018 to be hosted this summer by Russia
The Central Bank of Armenia has issued five hundred 100-dram silver commemorative coins ‘Hovhannes Zardaryan-100’, the regulator’s press office reported on Monday
The Central Bank of Armenia has issued two kinds of silver commemorative coins - Barcelona Labyrinth and Masone Labyrinth, the press office of the regulator reported on Tuesday
Russia’s Central Bank said today it will issue this year 5000 commemorative coins with face value of 3 rubles dedicated to Surb Khach (Holy Cross) Monastery in Crimea