Armenia's Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens' money, the head of the Investigative Committee Artur Poghosyan said today in parliament.
The volume of loans issued to small businesses under the New Partner program in the first quarter of 2025 exceeded 160 million drams. This is almost 2.5 times more than in the same period last year.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
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
YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
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.
Armenia's Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens' money, the head of the Investigative Committee Artur Poghosyan said today in parliament.
The volume of loans issued to small businesses under the New Partner program in the first quarter of 2025 exceeded 160 million drams. This is almost 2.5 times more than in the same period last year.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.
As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.
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
YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
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.
Inflation in Armenia is projected at 1.5% year-on-year by the end of 2024, a macroeconomic forecast by the Eurasian Development Bank revealed on Monday.
Armenia’s Deputy Minister of Finance Vahe Hovhannisyan has replaced Armen Hayrapetyan as new Deputy Plenipotentiary Representative of the country in the Board of the Eurasian Development Bank (EDB)
The Eurasian Development Bank (EDB) has granted Ardshinbank a credit line in the amount of USD 20 million for a period of 3 years to provide financial support to the country’s small and medium-sized businesses. A relevant agreement was signed on September 7, 2021 by EDB Management Board Chairman Nikolay Podguzov, and Ardshinbank Management Board Chairman Artak Ananyan
Armenia’s Ministry of Finance, the Eurasian Development Bank (EDB) and the Russian Analytical Credit Rating Agency (ACRA) signed today in Yerevan a Memorandum of Understanding
Armenian Prime Minister Nikol Pashinyan received September 6 the Chairman of the Management Board of the Eurasian Development Bank (EDB) Nikolay Podguzov and the delegation led by him, the government press office reported.
Armenia’s Deputy Prime Minister Suren Papikyan and the Chairman of the Executive Board of the Eurasian Development Bank (EDB) Nikolai Podguzov agreed today that the partnership between the Armenian government and the EDB is a good basis for the successful implementation of joint projects in future
AMX-Armenia Securities Exchange has hosted today Nikolai Podguzov, CEO at Eurasian Development Bank, Vice Chairmen and management representatives of EDB, AMX-Armenia reported
The rapid recovery of the global economy, fuelled by credit and budgetary injections in developed countries, is driving asset prices up massively,” said Even Vinokurov, chief economist at the Eurasian Development Bank (EDB).
The Council of the Eurasian Development Bank (EDB) chaired by Askar Mamin, Prime Minister of Kazakhstan, approved the EDB’s Strategy for 2022–2026. The participants in the meeting were the representative plenipotentiary of the Bank’s shareholders, including Mher Grigoryan, Deputy Prime Minister, Armenia; Yuri Seliverstov, Minister of Finance, Belarus; Alikhan Smailov, First Deputy Prime Minister, Kazakhstan; Akylbek Japarov, Deputy Prime Minister and Minister of Economy and Finance, Kyrgyz Republic; Anton Siluanov, Minister of Finance, Russia; and Yusuf Majidi, Deputy Minister of Finance, Tajikistan
The Eurasian Development Bank (EDB) will provide a grant from its Technical Assistance Fund to the Armenian Securities Exchange for modernization of trading technologies, EDB said in a press release today
