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Tag: PURCHASE

Significant easing of monetary conditions in Armenia had limited impact on banks’ rates – EFSD

Amid low inflation rates, the Central Bank of Armenia has substantially eased monetary conditions, but this has had a limited impact on banks' rates, the Eurasian Fund for Stabilization and Development's (EFSD) regional economic review “Winter 2024-2025” says.

Record growth of Armenian banks’ profits will allow reaching planned level of economic activity in 2025 – Galstyan

Armenia's banks have reported record profit growth in 2024, Central Bank Chairman Martin Galstyan said today.

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

Armenia’s commercial banks paid 119.6 billion drams in taxes in 2024

All 18 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in 2024, having paid 119.6 billion drams in various taxes, the State Revenue Committee said.

Armenian commercial banks’ lending to economy in first quarter grew to 3.5 trillion drams

Armenia's banking sector was quick to respond to the situation caused by the spread of coronavirus, Mher Abrahamyan, Chairman of the Union of Banks of Armenia, said today

Top Ten events in Armenia’s financial sector in 2018 – ARKA News Agency

The outgoing year was marked with political events, particularly with change of power – heads of governing agencies and ministers, including the ministers of the economic sector, were replaced by new persons

Around $89.6 million bought by Armenian banks last week

Armenia’s commercial banks bought around $86.8 million from the local foreign currency market on October 29 to November 3 at the average weighted exchange rate of 487.18 drams per one USD

Converse Bank unveils special loan product for purchase of cars from primary market

The Converse Bank has unveiled today a special loan product, it has designed for buyers of cars from the primary market, offering customers more favorable lending terms

Fitch’s bank sector outlook for Armenia in 2018 remains stable

Fitch Ratings’ bank sector outlook for Armenia in 2018 remains stable

Armenian banking sector enters 2017 in better shape –Fitch Ratings

The Armenian banking sector has entered 2017 in better shape as the recapitalization required to meet the increased minimum capital standard from 2017 has been completed

Inecobank purchases 100% of ProCredit Bank’s shares

Inecobank has bought 100% of ProCredit Bank, a subsidiary of ProCredit Holding AG & Co. KGa A