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.
Compared to previous surveys, market participants' expectations regarding the Central Bank of Armenia's refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions.
VTB (Armenia) acted as a partner of the annual championship of the intellectual game "What? Where? When?" that involved teams from financial and IT companies of the country.
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
Armenian Finance Minister Vahe Hovhannisyan discussed today the 5th revision of the Stand-By Arrangement (SBA) at a meeting with IMF Armenian mission chief Iva Petrova.
An agreement on financial cooperation has been signed between the governments of Armenia and Germany, as reported by Armenian Minister of Economy Gevorg Papoyan on his Facebook page.
Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.
Deputy Prime Minister of Armenia Mher Grigoryan met with the Director General of the Central and West Asia Department of the Asian Development Bank (ADB), Yevgeny Zhukov.
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 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.
Compared to previous surveys, market participants' expectations regarding the Central Bank of Armenia's refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions.
VTB (Armenia) acted as a partner of the annual championship of the intellectual game "What? Where? When?" that involved teams from financial and IT companies of the country.
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
Armenian Finance Minister Vahe Hovhannisyan discussed today the 5th revision of the Stand-By Arrangement (SBA) at a meeting with IMF Armenian mission chief Iva Petrova.
An agreement on financial cooperation has been signed between the governments of Armenia and Germany, as reported by Armenian Minister of Economy Gevorg Papoyan on his Facebook page.
Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.
Deputy Prime Minister of Armenia Mher Grigoryan met with the Director General of the Central and West Asia Department of the Asian Development Bank (ADB), Yevgeny Zhukov.
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.
As a leading bank in Armenia’s installment loans market, VTB Bank (Armenia) provides customers with the opportunity to purchase goods and services on installment in more than 600 outlets, which are its partners, thereby allowing customers to buy goods and services now and pay for them over the next months
VTB Bank (Armenia) has unveiled today preferential terms for the purchase of real estate in the Komitas Park multifunctional residential complex in the administrative district of Arabkir in the capital Yerevan
Keeping up with the times, VTB Bank (Armenia), within the framework of consumer lending, offers its individual clients to use the “Credit Line” product, the press service of the bank reported
Unibank has updated its UniMobile app thus making remote service more convenient for the clients. New functions have been added to UniMobile: users can now register online by themselves, make from-card-to-card transfers and pay loans of other banks, the press service of the bank reports
ACBA Leasing offers individuals and economic entities flexible financial services that make it possible to effectively develop their businesses using a number of tools
Unibank offers its clients to apply for contactless Visa cards, with the help of which it is possible to make payments with a simple touch to the terminal, the press office of the bank reports
Armenia's Araratbank offers its own mobile application - ARARATMobile. Karen Sargsyan, chairman of the bank's board, speaking Saturday at the application presentation ceremony, pointed out the advantages the application provides and singled out security system as the most important of them
One of the leaders of retail lending in Armenia - Unibank - offers its customers a credit line of up to 5 million drams for any consumer needs, the press office of the bank reported on Wednesday. According to the press release, the loan can be obtained at any of the bank’s 51 branches. The credit line is issued for a period of up to 5 years at an annual rate of 14.9%
Armenian Deputy Minister of Economy Varos Simonyan received last week a Chinese delegation, led by Lin Sheng Kiang, the head of the Qatari branch of Bank of China, one of the four leading banks in the world
In tune with its strategy of providing loans on the best terms, the VTB Bank (Armenia) has announced today a New Year lending campaign with lower effective interest rates, saying in a press release that the loans are to be secured by gold items
Converse Bank started lending within the framework of the “State Assistance Program on Financial Leasing of Agricultural Equipment in the Republic of Armenia”, the press office of Converse Bank reported on Friday
