In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.
The refinancing rate of Armenia's Central Bank will average 6.8% in 2025, according to Eurasian Development Bank's macroeconomic forecast for seven member countries for 2025–2027.
In January-April 2025, the inflow of cross-border remittances to Armenia increased by 6% year-on-year to $1.8 billion, maintaining its historic high, according to a Eurasian Development Bank’s macroeconomic forecast for seven participating countries for 2025-2027.
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.
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
Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.
Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.
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'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 April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.
The refinancing rate of Armenia's Central Bank will average 6.8% in 2025, according to Eurasian Development Bank's macroeconomic forecast for seven member countries for 2025–2027.
In January-April 2025, the inflow of cross-border remittances to Armenia increased by 6% year-on-year to $1.8 billion, maintaining its historic high, according to a Eurasian Development Bank’s macroeconomic forecast for seven participating countries for 2025-2027.
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.
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
Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.
Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.
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'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.
As part of a string of assistance measures designed by the government of Armenia to help companies and citizens offset the consequences of the coronavirus crisis, local banks have provided loans to the tune of 119 billion drams, the Union of Banks of Armenia said in a statement
Over 470,000 individuals and 15,500 legal entities in Armenia have been awarded credit holidays because of the coronavirus pandemic, Prime Minister Nikol Pashinyan said on Thursday during a government meeting
Armenian Prime Minister Nikol Pashinyan, speaking Wednesday in the National Assembly, said the country's financial system has quickly recovered amid COVID-19
Some 973 million drams (over $1.8 million) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
"HSBC Bank Armenia" CJSC (HSBC Armenia) will be allocating AMD15 million to COVID19 relief and recovery effort in Armenia, the Bank said today in a press release.. It said the funds will be donated to the Armenian Red Cross Society (ARCS), which will identify the most pressing humanitarian needs of vulnerable groups in the country and provide both immediate as well as medium and long-term response
Some 887 million drams (over $1.8 million) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
The damage to the Armenian economy from the coronavirus in the base scenario will amount to $ 1.53 billion (or 11.2% of the 2019 GDP), according to a study by Vahram Avanesyan, a former minister of economy of Armenia, published on the website of the Russian-Armenian University
Armenian banking sector fundamentals will weaken as a result of the coronavirus shock, captured by the negative banking sector outlook for 2020, Fitch Ratings said in a report after revising the outlook on Armenia's Long-Term Issuer Default Ratings (IDR) to negative from stable and affirmed the IDRs at 'BB-'.
Speaking at a news conference today, Armenian Deputy Prime Minister Mher Grigoryan commented on the need to reduce cash flow in the country and switch to cashless payments as part of the fight against the spread of coronavirus
Some 691.5 million drams (almost $1.4 million) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region - Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia. The banking sector outlook for Uzbekistan remains stable
Taking into account the fact that due to the situation around the spread of coronavirus /COVID-19/, some customers of "HSBC Bank Armenia" CJSC may face problems in meeting the loan obligations stipulated in their agreements, as well as with the purpose of assisting its customers in overcoming their financial difficulties, the Bank provides some preferences to clients
