The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.
In an effort to combat banking fraud, the Central Bank of Armenia is exploring measures to enhance identification requirements, particularly for online loans, according to Deputy Chairman Armen Nurbekyan.
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
ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits
Armenia's National Assembly has ratified today a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD, a WB division) on universal health coverage program.
Armenia’s National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
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 Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.
In an effort to combat banking fraud, the Central Bank of Armenia is exploring measures to enhance identification requirements, particularly for online loans, according to Deputy Chairman Armen Nurbekyan.
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
ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits
Armenia's National Assembly has ratified today a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD, a WB division) on universal health coverage program.
Armenia’s National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.
The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert, ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.
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 authorities in Artsakh (Nagorno-Karabakh) will provide state support to borrowers, Artsakh Finance Minister Grigory Martirosyan said during a meeting at the Union of Banks of Armenia. The meeting was attended by representatives of Armenian banks which provided loans to Artsakh residents and companies
'Now it is more than necessary to support the heroes of the Karabakh war and their families,' the Union of Banks of Armenia said in a statement today issued in connection with the Day of the Banker, celebrated on November 23
An IMF team reached staff level agreement with the Armenian authorities for the completion of the third review under the program supported by an IMF Stand-By arrangement, IMF said in a press release
IFC, a member of the World Bank Group, said it is providing a loan of $15 million to Inecobank to boost lending to Armenia’s micro, small, and medium enterprises (MSMEs), helping them address the challenges triggered by the COVID-19 outbreak
The Asian Development Bank (ADB) and the Armenian Armeconombank OJSC signed a $15 million loan agreement to increase lending to micro, small and medium-sized businesses owned by women in Armenia, especially in regions outside Yerevan
As of 18:00 on May 14, 4,225 payments totaling almost 1,088,681,654 drams (about $ 2.23 million) have been received in the special account to support the fight against the coronavirus in Armenia, the press service of the country’s finance ministry reports
Some 973 million drams (over $1.8 million) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
"HSBC Bank Armenia" CJSC (HSBC Armenia) will be allocating AMD15 million to COVID19 relief and recovery effort in Armenia, the Bank said today in a press release.. It said the funds will be donated to the Armenian Red Cross Society (ARCS), which will identify the most pressing humanitarian needs of vulnerable groups in the country and provide both immediate as well as medium and long-term response
Some 887 million drams (over $1.8 million) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
Some 100 million drams (almost $225 thousand) have been raised so far to support the Armenian government's efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
