The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from IBRD for substation reconstruction

The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

Pashinyan holds meeting on regulation of crypto-assets

Armenian Prime Minister Nikol Pashinyan chaired a meeting to discuss a draft law designed to regulate the field of crypto-assets.

RATINGS

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Arka news agency’s ranking of most profitable Armenian banks in 2019

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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Ranking of biggest profit-gainers among Armenia’s banks for Jan-Sept 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

Top 10 commercial banks of Armenia with biggest credit portfolios in 3rd Q 2019

ARKA News Agency has singled out ten commercial banks of Armenia for their large credit portfolios in the third quarter of this year

ECONOMY

Cashback of 15.2 billion drams: Armenia extends program for pensioners

At a meeting on Thursday, the Armenian government decided to extend the cashback program for non-cash purchases for pensioners and beneficiaries until December 30, 2025.

Central Bank of Armenia lowers refinancing rate to 7.50% in 11th consecutive cut

On September 10, the Central Bank of Armenia (CBA) reduced its refinancing rate by 0.25 percentage points, setting it at 7.50%, according to a statement from the regulator.

Armenian broker Invia Investments to provide access to trading on ITS

Armenian broker Invia Investments has obtained a license from the Astana International Financial Centre (AIFC) and completed all necessary procedures to connect to the international trading platform ITS.

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

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.

S&P forecasts 1.6% inflation for Armenia, predicts continued easing of monetary policy

International credit rating agency S&P Global Ratings has forecasted an average inflation rate of 1.6% for the year, reflecting a broader increase in price pressures.

INTERVIEW

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook.

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook

Development of Armenia’s capital market is hampered by lack of qualified financial intermediaries, investment banks and brokers – AMX CEO

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: Capitalization of new opportunities involves the implementation of digital services and ensuring security

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

Central Bank of Armenia has no plans to tighten liquidity requirements for banks (EXCLUSIVE)

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

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БАНКИ

Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from IBRD for substation reconstruction

The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

Pashinyan holds meeting on regulation of crypto-assets

Armenian Prime Minister Nikol Pashinyan chaired a meeting to discuss a draft law designed to regulate the field of crypto-assets.

РЕЙТИНГИ

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Arka news agency’s ranking of most profitable Armenian banks in 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Ranking of biggest profit-gainers among Armenia’s banks for Jan-Sept 2019

Top 10 commercial banks of Armenia with biggest credit portfolios in 3rd Q 2019

ARKA News Agency has singled out ten commercial banks of Armenia for their large credit portfolios in the third quarter of this year

ЭКОНОМИКА

Cashback of 15.2 billion drams: Armenia extends program for pensioners

At a meeting on Thursday, the Armenian government decided to extend the cashback program for non-cash purchases for pensioners and beneficiaries until December 30, 2025.

Central Bank of Armenia lowers refinancing rate to 7.50% in 11th consecutive cut

On September 10, the Central Bank of Armenia (CBA) reduced its refinancing rate by 0.25 percentage points, setting it at 7.50%, according to a statement from the regulator.

Armenian broker Invia Investments to provide access to trading on ITS

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

S&P forecasts 1.6% inflation for Armenia, predicts continued easing of monetary policy

International credit rating agency S&P Global Ratings has forecasted an average inflation rate of 1.6% for the year, reflecting a broader increase in price pressures.

ИНТЕРВЬЮ

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook.

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook

Development of Armenia’s capital market is hampered by lack of qualified financial intermediaries, investment banks and brokers – AMX CEO

Andranik Grigoryan: Capitalization of new opportunities involves the implementation of digital services and ensuring security

Central Bank of Armenia has no plans to tighten liquidity requirements for banks (EXCLUSIVE)

Tag: MSEs

EFSE and Araratbank advance development finance to local businesses in Armenia

Banks admin - 5.04.2019 06:02

YEREVAN, April 4. /ARKA/. The European Fund for Southeast Europe (EFSE) said it has loaned USD 15 million to...

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