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Tag: Nagorno-Karabakh

Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh

Banks
The development of the conflict in Nagorno-Karabakh could lead to devastating consequences for the banking sectors of Armenia and Azerbaijan, according to the review of the rating agency Moody's, published by RBC

Office of Armenia’s financial ombudsperson to open a representative office in Nagorno-Karabakh

Economy
The office of Armenia’s financial ombudsperson will open a representative office in Artsakh (Nagorno-Karabakh), the ombudsperson Piruz Sargsyan told journalists on Wednesday

Armbusinessbank annuls credit obligations of soldiers killed in Nagorno-Karabakh

Banks
Armenian Armbusinessbank Board of Directors has decided to annul all credit obligations of servicemen who were killed in the latest upsurge of violence in Nagorno-Karabakh provoked by Azerbaijan, and also the obligations of their families

Aggregate loan portfolio of Armenian banks’ branches in Nagorno-Karabakh republic amounts to 79502.3 million

Banks
Aggregate loan portfolio of Armenian banks' branches in Nagorno-Karabakh Republic reached AMD 79502.3 million by December 1, 2014 after growing 4.2% over one year and 4.5% over one month, the National Statistical Service of Armenia reports

Total loan portfolio of Armenian banks’ branches in Nagorno-Karabakh decrease by 1.2% to over 7.6 billion drams

Banks
The combined loan portfolio of Armenian banks’ branches operating in Nagorno-Karabakh Republic (NKR) decreased by 1.2% in late November this year when compared with the same period of 2013 to over 7.6 billion drams, the National Statistical Service (NSS) of Nagorno-Karabakh Republic said today

Loan portfolio of branches of Armenian banks in Karabakh amounted to 78,028.6mln drams as of October 1

Banks
Aggregate loan portfolio of branches of Armenia’s commercial banks in Nagorno-Karabakh rose by 12.4% to 78,028.6 million drams as of October 1, 2013, as compared with the same period of the year before

Total amount of outstanding loans provided by branches of Armenian banks in Nagorno-Karabakh surge by 25.3 percent

Banks
The total amount of outstanding loans provided by branches of Armenian banks in Nagorno-Karabakh has surged by 25.3 percent as of March 1, 2013 when compared to a year earlier, to 7.665.2 billion drams, the National Statistical Service of Nagorno-Karabakh said, adding that compared to February this year the loans grew by 0.8 percent

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

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.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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