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Tag: profitability

Arka news agency releases ranking of Armenian banks’ profitability in first half of 2020

Banks
ARKA news agency has released the latest ranking of the commercial banks in Armenia by size of their net profit, based on their performance in the first half of 2020

Stiff competition among banks in Armenia downs their profitability

Banks
Reduction of interest spread under a stiff competition among Armenia's banks downed their profitability

Head of National Competitiveness Foundation of Armenia denies rumors about profitability of air transportation business

Economy
The rumors going around about high profitability of air transportation business has nothing in common with the reality

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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