The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.
The German-Armenian Fund (GAF) has provided AMD 980 billion in loans since the launch of its operation in Armenia, Chairman of the Central Bank Martin Galstyan said at the conference “Opportunities and Prospects of SME Financing”.
Loans issued by Armenian banks to small and medium-sized enterprises (SMEs) in 2024 amounted to 1.6 trillion drams, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).
The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $87.5 million in January-February 2025, compared to $153.9 million in January-February 2024, according to the report from the Central Bank of Armenia.
Armenia's Central Bank is investigating possible vulnerabilities in the protection of online express lending systems due to the increasing number of fraud cases, Central Bank head Martin Galstyan said.
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 concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.
Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.
Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).
In the consumer market of Armenia, the 12-month inflation rate in March of this year amounted to 3.3%, according to a report by the National Statistical Committee (NSC) of Armenia.
At a meeting on Thursday, the Armenian government ratified a loan agreement with the Asian Development Bank (ADB) for a program aimed at improving the quality of healthcare.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
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.
The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.
The German-Armenian Fund (GAF) has provided AMD 980 billion in loans since the launch of its operation in Armenia, Chairman of the Central Bank Martin Galstyan said at the conference “Opportunities and Prospects of SME Financing”.
Loans issued by Armenian banks to small and medium-sized enterprises (SMEs) in 2024 amounted to 1.6 trillion drams, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).
The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $87.5 million in January-February 2025, compared to $153.9 million in January-February 2024, according to the report from the Central Bank of Armenia.
Armenia's Central Bank is investigating possible vulnerabilities in the protection of online express lending systems due to the increasing number of fraud cases, Central Bank head Martin Galstyan said.
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 concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.
Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.
Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).
In the consumer market of Armenia, the 12-month inflation rate in March of this year amounted to 3.3%, according to a report by the National Statistical Committee (NSC) of Armenia.
At a meeting on Thursday, the Armenian government ratified a loan agreement with the Asian Development Bank (ADB) for a program aimed at improving the quality of healthcare.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
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.
YEREVAN, Jan. 12. /ARKA/. Armenia's aggregate national debt as of November 30, 2021 stood at $9.159.275 billion, having decreased by $49.940 million from October 30, 2021, according to the country’s National Statistical Committee (NSC). In late December 2020, the country’s national debt stood at $7.968.486 billion.
The national debt in dram equivalent grew by 49.962.3 billion from October, 2021 to 4 trillion 450 billion drams as of November 30, 2021.
Armenia’s foreign debt dropped by $56.2 million in one month to $6.650.584 billion in late November 2021, while the domestic debt increased by $6.262 million to $2.508.692 billion. In dram equivalent, the external debt rose by 26.750.3 billion to 3 trillion 231 billion drams, while the domestic debt increased by 23.212.0 billion drams to 1 trillion 218 billion drams.
The government's external debt decreased by $48.191 million to $6.184.311 billion as of November 2021. In dram equivalent it increased by 26.819.8 billion and reached 3.004 trillion. The Central Bank’s debt decreased by $8.011 million to $466.273 million.
Of the domestic debt about $2.345.336 billion were owed to resident holders of government bonds (a decrease of $13.006 mln from the previous month). Also, some $154.004 million were owed to holders of foreign-currency denominated government bonds (increase of $18.445 mln).
Armenian Minister of Finance Tigran Khachatryan said in October 2021 that Armenia’s national debt was supposed to grow to 4 trillion 740 billion drams in late 2022 or 60.2% of GDP. According to him, the foreign debt will make 69% of the total national debt by the end of 2022. Some 51.1% of the national debt will be financed by foreign loans, 30.1% by state and treasury bonds and 18.7% by foreign currency bonds. -0-
Armenia's overall public debt at the end of November 2019 stood at $7.166.076 billion, having decreased by $49.322 million from the previous month, the National Statistics Committee (NSC) said today
New Armenian composite banknotes will be put into circulation before the end of the year, the chairman of the Central Bank Artur Javadyan told reporters the day before
Armenia’s gross international reserves totaled $2 174.4 million in late November 2017 after growing 2.6% or by $55.6 million over the month, the Central Bank of Armenia says in its preliminary report
Armenia’s monetary base shrank 4.7% in November, compared with October, to AMD 848.6 billion, the National Statistical Service reports referring to the central bank’s preliminary figures
Deposits in drams at Armenia’s commercial banks reduced 2.1% over November to AMD 509.5 billion, while dollar deposits grew 2.8% to AMD 944.6 billion, the Central Bank of Armenia reports on its website
Monetary base in Armenia in November 2015 grew by 1.2% from October to about 844.1 billion drams, the National Statistical Service said citing preliminary data of the Central Bank
Private remittances to Armenia for non-commercial purposes in November 2015 were 22% down from the year before falling to about $90.8 million, the Central Bank said. Compared with 2015 October the amount was down by 17%
Armenia’s total public debt at the end of November 2015 stood at $4.813.4 billion, a decrease of 0.3% or $13.5 million from the previous month, and 8.4% higher from the beginning of the year, the National Statistical Service (NSS) said
Armenia's insurance sector accounted for a 59% loss rate in November 2014 against 60% in October 2014 and 76% in November 2013, the Bureau of Car Insurers reports at its website