14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.
The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
The European Investment Bank (EIB) is a key partner for Armenia in terms of major infrastructure projects and reforms in areas of strategic importance for the economy, Armenian Deputy Prime Minister Mher Grigoryan said.
Unibank summarised 2024 with a profit of 8.2 billion AMD, of which 7.8 billion AMD will be paid for dividends - almost twice as much as the previous year. The decision was taken at the shareholders’ annual general meeting of “Unibank” OJSC.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
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
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
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.
14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.
The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
The European Investment Bank (EIB) is a key partner for Armenia in terms of major infrastructure projects and reforms in areas of strategic importance for the economy, Armenian Deputy Prime Minister Mher Grigoryan said.
Unibank summarised 2024 with a profit of 8.2 billion AMD, of which 7.8 billion AMD will be paid for dividends - almost twice as much as the previous year. The decision was taken at the shareholders’ annual general meeting of “Unibank” OJSC.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
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
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
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.
YEREVAN, Jan. 12. /ARKA/. Armenia's aggregate national debt as of November 30, 2021 stood at $9.159.275 billion, having decreased by $49.940 million from October 30, 2021, according to the country’s National Statistical Committee (NSC). In late December 2020, the country’s national debt stood at $7.968.486 billion.
The national debt in dram equivalent grew by 49.962.3 billion from October, 2021 to 4 trillion 450 billion drams as of November 30, 2021.
Armenia’s foreign debt dropped by $56.2 million in one month to $6.650.584 billion in late November 2021, while the domestic debt increased by $6.262 million to $2.508.692 billion. In dram equivalent, the external debt rose by 26.750.3 billion to 3 trillion 231 billion drams, while the domestic debt increased by 23.212.0 billion drams to 1 trillion 218 billion drams.
The government's external debt decreased by $48.191 million to $6.184.311 billion as of November 2021. In dram equivalent it increased by 26.819.8 billion and reached 3.004 trillion. The Central Bank’s debt decreased by $8.011 million to $466.273 million.
Of the domestic debt about $2.345.336 billion were owed to resident holders of government bonds (a decrease of $13.006 mln from the previous month). Also, some $154.004 million were owed to holders of foreign-currency denominated government bonds (increase of $18.445 mln).
Armenian Minister of Finance Tigran Khachatryan said in October 2021 that Armenia’s national debt was supposed to grow to 4 trillion 740 billion drams in late 2022 or 60.2% of GDP. According to him, the foreign debt will make 69% of the total national debt by the end of 2022. Some 51.1% of the national debt will be financed by foreign loans, 30.1% by state and treasury bonds and 18.7% by foreign currency bonds. -0-
Armenia's national debt at the end of 2022 will amount to 4 trillion 740 billion drams or 60.2% of GDP, Minister of Finance Tigran Khachatryan said today
The Armenian government's debt by the end of 2020 will make 65% of GDP, and in 2021 it will slightly decrease to 63%, Finance Minister Atom Janjughazyan said on Monday, presenting the draft state budget for 2021 to parliamentary commissions
Armenia will increase its debt burden by 260 billion drams amid COVID-19, the budget deficit in 2020 may amount to 324 billion drams, Finance Minister Atom Janjughazyan said at an extraordinary parliamentary meeting convened Tuesday to revise budget indicators
Armenia’s state debt amounted to $6 765.5 million in late November after growing 0.61 or by $41.4 million over one month, the National Statistical Committee reports
The Armenian government’s debt service will need AMD 356.9 billion ($737.3 million) in 2019, the country’s finance ministry says in its 2019 annual borrowings program available on its website
Armenian government’s debt in 2019 will amount to $6.913 billion or 49.8% of GDP, by $465 million more than in the outgoing year, the Ministry of Finance said in the annual loan program for next year, published on its official website
There are risks that further tightening of financial conditions or higher risk aversion may lead to higher financing costs for rolling over Armenia’s debt on foreign markets, Yulia Ustyugova, IMF Resident Representative in Armenia
