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Tag: sector

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

Interviews admin -
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

Armenia’s insurance sector accounts for 59% loss rate in late November

Insurance admin -
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

Interest spread in Armenia’s banking sector at 4.62% in December 2013

Banks admin -
Interest rate spread of Armenia commercial banks was 4.62% in December 2013, a reduction of 1.31 percentage points against December 2012, ArmStat reported. A reduction of 0.18 pp was recorded compared to November

Eurasian Development Bank to provide $15 million loan to VTB Bank (Armenia) to finance Armenian small and medium businesses

Economy admin -
             

Agriculture still risky sector for banks: chairman

Banks admin -
Ashot Osipyan, the chairman of the Union of Armenian Banks, said today the agriculture is one of the most risky sectors with specific risky factors which are impossible to evaluate, for example, climate-caused risks and this is a reason raising the cost of agricultural loans.

Armenia’s financial sector to keep lending money to economy

Economy admin -
Armenia’s financial sector will keep lending money to the economy, the Central Bank of Armenia says in its monetary program for 2011.

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Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

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The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

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The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

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The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

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