The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.
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.
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
Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.
The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.
Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.
Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).
In the consumer market of Armenia, the 12-month inflation rate in March of this year amounted to 3.3%, according to a report by the National Statistical Committee (NSC) of Armenia.
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 Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.
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.
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
Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.
The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.
Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.
Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).
In the consumer market of Armenia, the 12-month inflation rate in March of this year amounted to 3.3%, according to a report by the National Statistical Committee (NSC) of Armenia.
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 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 deficit of the Armenian government’s 2022 budget is projected at 3.1% of GDP or 243 billion drams, Finance Minister Tigran Khachatryan said today when speaking at a parliamentary hearing on next year’s budget
In 2021, the ratio of public debt to GDP will be exceeding the threshold of 60%, said Chairman of the Central Bank of Armenia Martin Galstyan to ARKA news agency on Tuesday
“Armenia public debt in 2019 was below 50% of its GDP, but in 2020 it grew to 63.5%, exceeding the 60% threshold laid down in the fiscal rules,' Finance Minister Atom Janjughazyan said a government meeting today.
In 2020, Armenia experienced one of the region’s sharpest GDP contractions—7.6 percent—as a severe COVID-19 outbreak and a military conflict with Azerbaijan late in the year impacted performance, according to World Bank's latest 'Europe and Central Asia Economic Update, Spring 2021
Armenia's per capita GDP in 2020 amounted to a little over 2 million drams or $4,269, according to the numbers, released today by the National Statistical Committee (NSC)
Armenia's per capital GDP, according to preliminary data, amounted to $ 1,212 in the third quarter of 2020, having increased by $ 326 over the quarter from $ 886 in the second quarter, the National Statistical Committee of Armenia reports
The level of Armenia's public debt to GDP by the end of 2020 will be 66.5%, against 49.9% in 2019, and in 2021 it will reach 67%, Armenian Finance Minister Atom Janjughazyan said on Tuesday
Armenia's external vulnerabilities, including high and growing net external debt, a relatively large structural current account deficit, a reliance on remittances and relatively weak FDI inflows, remain in place, Fitch ratings said in a report
According to preliminary estimates, Armenia's GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday
Armenia's GDP will decline more by the end of 2020 than most of the forecasts predict, the chairman of the Central Bank Martin Galstyan stated at a parliamentary meeting on Thursday
