Fri, 31 January
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USD: 397.92 RUB: 4.07 EUR: 413.72 GEL: 138.41 GBP: 494.50
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Tag: SME Banking Club

SME Banking Club awards Unibank most innovative bank 2018 certificate

Banks admin -
In the first quarter of 2019 Unibank provided about 8bln drams for financing entrepreneurship. The number of business loans issued during the reporting period, grew by 11% when compared with the same period last year, the bank said today in a news release

Joint seminar by Converse Bank and SME Banking Club focuses on lending to SME

Banks admin -
The focus of a seminar initiated and supported by Converse Bank and conducted today in Yerevan by SME Banking Club, a professional international platform for business bankers, was on the latest tends in lending to SMEs, agriculture and energy sectors

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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