The net inflow of private money transfers to Armenia from overseas through the banking sector has nearly halved in the first quarter of 2025, totaling $143.7 million, a sharp decline from $278.6 million during the same period in 2024, as reported by the Central Bank.
VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.
The Central Bank of Armenia has decided to maintain the countercyclical capital buffer at 1.75%. This decision was made following an assessment of the macro-financial landscape and trends within the credit market.
In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.
In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.
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 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 public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
The Armenian government has ratified an agreement with the Asian Development Bank (ADB) on providing a loan for the "Sustainable and Inclusive Road Section Improvement Project".
An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with 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 net inflow of private money transfers to Armenia from overseas through the banking sector has nearly halved in the first quarter of 2025, totaling $143.7 million, a sharp decline from $278.6 million during the same period in 2024, as reported by the Central Bank.
VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.
The Central Bank of Armenia has decided to maintain the countercyclical capital buffer at 1.75%. This decision was made following an assessment of the macro-financial landscape and trends within the credit market.
In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.
In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.
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 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 public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
The Armenian government has ratified an agreement with the Asian Development Bank (ADB) on providing a loan for the "Sustainable and Inclusive Road Section Improvement Project".
An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with 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.
Head of Armenia's State Revenue Committee Eduard Hakobyan met with Soso Ramishvili, Head of the Investigation Service of the Georgian Ministry of Finance, within the framework of his visit to Tbilisi.
The EBRD said it has received a €87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility
A new service launched by the Russian VTB Group enables customers of any Russian bank to make instantaneous money transfers to the banking cards of VTB's subsidiaries
Mellat Bank Yerevan, a subsidiary of Iran’s Bank Mellat, will open a new branch in Georgia by the end of the first half of the current Iranian year (Sept. 22), Bank Mellat’s chief executive said, according to Financial Tribune
Armenia's direct investments in Georgia in 2016 amounted to $5.6 million, by $6.3 (52.8%) million down from the previous year, according to the National Statistics Service of Georgia
Mellat Bank CJSC, fully owned by Iran’s Mellat Bank, is considering room for opening a branch in Georgia, Mohammad Bigdeli, chairman of Mellat Bank CJSC’s board, told journalists on Wednesday
The European Bank for Reconstruction and Development (EBRD) announced a two-stage tender for design engineering and construction of a bridge across the Debed River in the borderland between Georgia and Armenia
Georgia’s government and national bank will take measures to deter the lari from devaluation, if any, but no devaluation is expected now, the National Bank President Georgi Katagidze is quoted by RIA Novosti
The main factor that contributed to Georgian lari depreciation and the strengthening of dollar is the current situation in the Russia economy influenced in turn by international sanctions, vice-premier and minister of energy of Georgia Kakhi Kaladze said, as cited by RIA Novosti
