Three Armenian banks - IDBank, Inecobank and Ardshinbank - have decided to postpone repayment of clients' liabilities for a period of 3 to 5 years as part of the search for interim solutions for clients affected by possible fraud, the press service of the Central Bank of Armenia reported.
VTB has announced the launch of a new project designed to attract patients from CIS countries and other friendly states for medical treatment in Russia, the press service of VTB (Armenia) reported.
Armenia's Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens' money, the head of the Investigative Committee Artur Poghosyan said today in parliament.
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
YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
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.
Three Armenian banks - IDBank, Inecobank and Ardshinbank - have decided to postpone repayment of clients' liabilities for a period of 3 to 5 years as part of the search for interim solutions for clients affected by possible fraud, the press service of the Central Bank of Armenia reported.
VTB has announced the launch of a new project designed to attract patients from CIS countries and other friendly states for medical treatment in Russia, the press service of VTB (Armenia) reported.
Armenia's Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens' money, the head of the Investigative Committee Artur Poghosyan said today in parliament.
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
YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”
In the consumer market of Armenia, 12-month inflation in April of this year amounted to 3.2%, according to the report of the National Statistical Committee (NSC) of Armenia.
Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.
Armenia's public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
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