The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.
The volume of loans issued by commercial banks in Armenia as of the end of December 2024 amounted to 6,538,702 million drams, compared to 6,016,519 million drams at the end of September, according to a report by the National Statistical Committee of the country.
Fitch Ratings has affirmed ACBA Bank OJSC's (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' and its Viability Rating (VR) at 'bb-'.
“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee (SRC) Eduard Hakobyan told a parliamentary discussion today on the universal income declaration.
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 overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.
Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).
The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.
ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.
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.
In an exclusive interview with ARKA news agency CEO of Armenian Securities Exchange (AMX) Hayk Yeganyan spoke about the strategy of the exchange, prospects of the securities market development, as well as the obstacles on this path
Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's digital team organization. Read the full interview with Andranik Grigoryan
Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in response to ARKA News Agency's inquiry about whether it was planning to toughen prudential requirements for banks, particularly, the liquidity ratio because of the large inflow of non-resident funds
The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.
The volume of loans issued by commercial banks in Armenia as of the end of December 2024 amounted to 6,538,702 million drams, compared to 6,016,519 million drams at the end of September, according to a report by the National Statistical Committee of the country.
Fitch Ratings has affirmed ACBA Bank OJSC's (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' and its Viability Rating (VR) at 'bb-'.
“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee (SRC) Eduard Hakobyan told a parliamentary discussion today on the universal income declaration.
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 overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.
Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).
The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.
ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.
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.
In an exclusive interview with ARKA news agency CEO of Armenian Securities Exchange (AMX) Hayk Yeganyan spoke about the strategy of the exchange, prospects of the securities market development, as well as the obstacles on this path
Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's digital team organization. Read the full interview with Andranik Grigoryan
Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in response to ARKA News Agency's inquiry about whether it was planning to toughen prudential requirements for banks, particularly, the liquidity ratio because of the large inflow of non-resident funds
Did you know that in order to ensure your information and financial security, special subdivisions are operating in the Banks and payment systems, and huge investments are being made
IDBank and Idram have established a new shopping culture in Armenia. Non-cash QR payments and non-cash payments in physical and online stores are commonplace for corporate customers, and Rocket line digital credit has also solved the problem of wallet content, or rather its balance.
“The Power of One Dram” initiative of IDBank and Idram has summed up the results of another program: the entire amount of “one dram” gathered in August from user payments, AMD 3.701.910, was transferred to “Vahe Meliksetyan” foundation
In memory of the hero of the 44-day Artsakh war, Chevalier of the Order of the Battle Cross of the 1st degree, the best student of Yerevan State University (YSU) Gevorg Arshakyan, Yerevan State University with the financial support of IDBank announces a competition for the assignment of scholarships after Gevorg Arshakyan
IDBank and Idram summed up the results of another program of the “Power of One Dram” initiative: the entire amount collected during June and July, AMD 6.925.000 was transferred to the Military Insurance Fund, IDBank said in a press release.
IDBank, purposefully continuing the active development of digital banking culture, launched the Visa Digital card. Now the client can get a full-fledged virtual bank card Visa Digital through the Idram&IDBank mobile application, IDBanking.am and Idram digital platforms, without visiting the office, which becomes even more convenient due to the possibility of obtaining a credit line
On June 4-6, within the framework of the “Bigidream” project of “The Armenian exists” public organization, a children's educational, entertaining, competitive music festival was held, which brought together smart, strong, creative children from Artsakh and Armenia. By filling out the relevant application and sharing it on social networks, children participate in the competition and present their dreams
The bell of the Armenian Securities Exchange announced the listing of IDBank’s dollar bonds of 2nd issue of 2019, the bank said today in a press release
The IDBank is adamant to defend its interests in all judicial instances, the chairman of the bank’s Board Mher Abrahamyan told reporters on Monday in comments on a trial that involves businessman Gevorg Afandyan and the alienation of property of B.M.L Arzni LLC that has been considered by Armenian courts for several years already