The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.
Starting on February 26, Acba Bank launched a pre-sale of Visa Signature Limited Edition cards featuring Martiros Saryan's painting "Armenia" in a limited quantity of 500 pieces.
The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.
The Asian Development Bank (ADB) invested $132 million in Armenia in 2024, of which $96.7 million was invested in the public sector, $30 million in private sector projects, and $5.3 million in technical assistance, Narine Mehrabyan, ADB Public Relations and Communications Officer, told ARKA.
Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.
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
The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.
Inflation in Armenia rose to 1.7 percent (yoy) in January 2025, the highest yoy rate since April 2023, acording to the World Bank's “Armenia Monthly Economic Update - February 2024”.
ARKA News Agency announces the launch of the updated website Arkatelecom.am — the first specialized resource in the field of high technologies and telecommunications in Armenia, operating since 2008.
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.
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
The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.
Starting on February 26, Acba Bank launched a pre-sale of Visa Signature Limited Edition cards featuring Martiros Saryan's painting "Armenia" in a limited quantity of 500 pieces.
The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.
The Asian Development Bank (ADB) invested $132 million in Armenia in 2024, of which $96.7 million was invested in the public sector, $30 million in private sector projects, and $5.3 million in technical assistance, Narine Mehrabyan, ADB Public Relations and Communications Officer, told ARKA.
Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.
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
The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.
Inflation in Armenia rose to 1.7 percent (yoy) in January 2025, the highest yoy rate since April 2023, acording to the World Bank's “Armenia Monthly Economic Update - February 2024”.
ARKA News Agency announces the launch of the updated website Arkatelecom.am — the first specialized resource in the field of high technologies and telecommunications in Armenia, operating since 2008.
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.
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
The net profit of the banking sector of Armenia in the first half of 2020 amounted to 40.6 billion drams, after increasing by 5.9% compared to the corresponding period of the previous year, according to the data of Armenian banks’ reports, published in accordance with international IFRS standards
Six insurance companies operating in Armenia earned a total of 387.5 million drams in net profit in the first nine months of this year, down from 1.711 billion drams they had earned a year earlier
Seventeen Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit
The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency
Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier
The net profit of 32 credit organizations operating in Armenia in the second quarter of the year stood at about 4.99 billion drams, an increase of 28.3% year-on-year
