Out of the 15,000 citizens in Armenia who applied for a government-designed support program, 3,686 with bad loans have received it, said Daniel Azatyan, the head of the Union of Banks of Armenia (UBA), at a press conference today.
The reasons behind the recent failures in the national ArCa payment system are being studied with the involvement of international experts, announced the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
Agreements have been signed with over 500 citizens who have fallen victim to banking fraud in Armenia, said the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
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
The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Out of the 15,000 citizens in Armenia who applied for a government-designed support program, 3,686 with bad loans have received it, said Daniel Azatyan, the head of the Union of Banks of Armenia (UBA), at a press conference today.
The reasons behind the recent failures in the national ArCa payment system are being studied with the involvement of international experts, announced the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
Agreements have been signed with over 500 citizens who have fallen victim to banking fraud in Armenia, said the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
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
The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Starting January 1, 2025, Armenia will introduce legislative changes affecting the refund of income tax on mortgage interest payments, the State Revenue Committee of Armenia announced on Wednesday.
Consumer lending in Armenia is not booming, but mortgage lending has intensified, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday
In 2020, Armenia's State Revenue Committee refunded a total of 13.3 billion drams in individual income taxes to mortgage borrowers so that they could use the money to pay interests on their mortgage loans, Deputy Finance Minister Arman Poghosyan said during a meeting of the parliamentary committee on economic issues on Wednesday
The mortgage lending by Armenia-based commercial banks has almost doubled, Armenian Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday
The loan portfolios of Armenian commercial banks grew by 14.4% in 2019 July as opposed to 2018 July, the head of the Union of Banks of Armenia and CEO of Ameriabank Artak Hanesyan told reporters today
The Yerevan-based VTB Bank (Armenia) said today it has launched a new program designed for refinancing / repurchasing mortgage loans from other banks and credit institutions
In a live Facebook stream on August 22 evening Armenian Prime Minister Nikol Pashinyan said he expects mortgage rates to drop further. According to him, over the past three months, mortgage lending rates have decreased by 1-1.5%
Armenian Prime Minister Nikol Pashinyan, speaking live for Facebook users on Sunday, said a mortgage lending program with the lowest ever interest rates will be launched in Armenia soon
Unibank offers mortgage loans without prepayment at primary and secondary markets for acquisition of residential accommodation and premises for business, the press office of the bank reported on Wednesday
Starting from July 13, 2016, discount bonds issued by “National Mortgage Company” Refinancing Credit Organization CJSC (RCO CJSC) will be admitted to trading on NASDAQ OMX Armenia and included in the bonds free market (Cbond), NASDAQ OMX Armenia stock exchange said today
The chairman of the Union of Banks of Armenia Samvel Chzmachyan predicted today a 10-20% rise in mortgage lending this year, citing the findings of a survey conducted by the union among Armenian commercial banks
