The German-Armenian Fund (GAF) has provided AMD 980 billion in loans since the launch of its operation in Armenia, Chairman of the Central Bank Martin Galstyan said at the conference “Opportunities and Prospects of SME Financing”.
Loans issued by Armenian banks to small and medium-sized enterprises (SMEs) in 2024 amounted to 1.6 trillion drams, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).
The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $87.5 million in January-February 2025, compared to $153.9 million in January-February 2024, according to the report from the Central Bank of Armenia.
Armenia's Central Bank is investigating possible vulnerabilities in the protection of online express lending systems due to the increasing number of fraud cases, Central Bank head Martin Galstyan said.
Compared to previous surveys, market participants' expectations regarding the Central Bank of Armenia's refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions.
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
Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.
Armenian Finance Minister Vahe Hovhannisyan discussed today the 5th revision of the Stand-By Arrangement (SBA) at a meeting with IMF Armenian mission chief Iva Petrova.
An agreement on financial cooperation has been signed between the governments of Armenia and Germany, as reported by Armenian Minister of Economy Gevorg Papoyan on his Facebook page.
Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.
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.
The German-Armenian Fund (GAF) has provided AMD 980 billion in loans since the launch of its operation in Armenia, Chairman of the Central Bank Martin Galstyan said at the conference “Opportunities and Prospects of SME Financing”.
Loans issued by Armenian banks to small and medium-sized enterprises (SMEs) in 2024 amounted to 1.6 trillion drams, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).
The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $87.5 million in January-February 2025, compared to $153.9 million in January-February 2024, according to the report from the Central Bank of Armenia.
Armenia's Central Bank is investigating possible vulnerabilities in the protection of online express lending systems due to the increasing number of fraud cases, Central Bank head Martin Galstyan said.
Compared to previous surveys, market participants' expectations regarding the Central Bank of Armenia's refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions.
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
Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.
Armenian Finance Minister Vahe Hovhannisyan discussed today the 5th revision of the Stand-By Arrangement (SBA) at a meeting with IMF Armenian mission chief Iva Petrova.
An agreement on financial cooperation has been signed between the governments of Armenia and Germany, as reported by Armenian Minister of Economy Gevorg Papoyan on his Facebook page.
Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.
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.
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
