The Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.
High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.
The assets of the banking system continue to make up the overwhelming majority of the financial system's assets - about 83%, or about 11 trillion drams, said the head of the Central Bank of the republic Martin Galstyan, presenting a report on financial stability for the past year.
Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Acba Bank reports.
For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports.
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
In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.
In the consumer market of Armenia, 12-month inflation in May of this year amounted to 4.3%, according to the report of the National Statistical Committee (NSC) of Armenia.
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 Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.
High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.
The assets of the banking system continue to make up the overwhelming majority of the financial system's assets - about 83%, or about 11 trillion drams, said the head of the Central Bank of the republic Martin Galstyan, presenting a report on financial stability for the past year.
Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Acba Bank reports.
For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports.
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
In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.
In the consumer market of Armenia, 12-month inflation in May of this year amounted to 4.3%, according to the report of the National Statistical Committee (NSC) of Armenia.
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 total amount of non-cash transactions made in Armenia by using banking cards in 2018 soared by 47.2% from the previous year to 395.9 billion drams
Converse Bank has announced today the launch of traditional campaigns devoted to spring holidays. Within the framework of the first one, from March 1 to April 7
All types of plastic cards were used in Armenia in the third quarter of 2017 to make a total of 399.9 billion drams worth transactions, by 8.7% more than in the same time span of 2016, the Central Bank reported today
All types of plastic cards were used in Armenia in 2016 to make a total of 1.410.02 trillion drams worth transactions, by 2% less than in 2015, the Central Bank reported today
All types of plastic cards were used in Armenia to make 315.4 billion drams worth transactions in the first quarter of 2016, the Central Bank reported today adding also that the amount represented a 5.3% rise when compared with the same period of 2015
Plastic cards issued by Armenian commercial banks were used outside the country to make about 5.75 billion drams worth transactions in 2016 April, a 4.2% drop from the previous month, according to Central Bank’s bulletin. The number of transactions fell by 7 percent to 161,300
Transactions carried out abroad in February by using all the types of the plastic cards issued by Armenia’s commercial banks amounted to AMD 5.8 billion showing a 20.7% month-on-month decline
The plastic cards of Armenian commercial banks were used in July to make 6.4 billion drams worth transactions outside the country, a 36.5% increase from June, the Central Bank of Armenia said in its monthly bulleting for July. It said the total number of transactions rose to 110,000, an increase of 24 percent from June
The number of plastic cards, issued by Armenian Converse Bank to its customers in 2012 increased by 90% from the previous year to a total of 100 thousand, according to its chief executive officer Tigran Davtian
ANELIK BANK BOOM ENERGY VISA Classic card holders will enjoy unprecedented preferences in culture centers in Yerevan, Anelik Bank’s press office reports
Armenian banks, members of ArCA payment system, will suspend issuance of plastic cards from January 29 to February 14 in connection with upgrading the software of its processing company, the Union of Banks of Armenia said today in a press release
Armenia’s national payment system Armenian Card (ArCa) said today it has eliminated the failure in the operation of ATMs, which was reported Tuesday morning
