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  • Archive for April 5th, 2019

    WB: some 48% of adult population of Armenia had bank accounts in 2018

    Friday, April 5th, 2019

    YEREVAN, April 5. /ARKA /. Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to 2.1% in 2019, amid slowing global growth and uncertain prospects, according to the World Bank’s Economic Update for Europe and Central Asia, released today. Growth in countries across the region […]

    Private money transfers sent to Armenia in two months of 2019 amounted to $259 million

    Friday, April 5th, 2019

    YEREVAN, April 5. /ARKA/. The amount of private money transfers sent to Armenia in the first two months of 2019 via banks stood at $259 million, an increase of $38 million, or 17% from the same time span of 2018, the Central Bank said. It said the amount of private money transfers sent to Armenia […]

    EFSE and Araratbank advance development finance to local businesses in Armenia

    Friday, April 5th, 2019

    YEREVAN, April 4. /ARKA/. The European Fund for Southeast Europe (EFSE) said it has loaned USD 15 million to partner ARARATBANK in order to bolster financing for micro and small enterprises (MSEs) in Armenia. The investment will enable the bank to expand its engagement with entrepreneurs, thus contributing to the sustainable development of local businesses. […]

    USD up 0.44 points over Armenian dram

    Friday, April 5th, 2019

    YEREVAN, April 4 /ARKA/. The average market exchange rate of the US dollar has grown today by 0.44 points from April 3 to 487.29 drams, the Central Bank said. It said also the Euro has dropped from 547.51 drams to 547.08 drams and the Russian ruble has also fallen from 7.45 drams to 7.45 drams […]

    Government of Armenia subsidizes interest rates on loans provided for installment of anti-hail grids

    Friday, April 5th, 2019

    YEREVAN, April 4. /ARKA/. The government of Armenia has approved today a program on subsidizing interest rates on loans provided for installment of anti-hail grids. Minister of Agriculture Gegham Gevorgyan said the subsidies will apply to loans for the installation of anti-hail grids for fruit and vine gardens ranging from 0.5 to 10 hectares. He […]

    Fitch Ratings affirms long-term Issuer Default Rating (IDR) of ACBA-CREDIT AGRICOLE BANK at B+ level with stable outlook

    Friday, April 5th, 2019

    YEREVAN, April 4. /ARKA/. Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of ACBA-CREDIT AGRICOLE BANK at the level of B + with a stable outlook, the Yerevan-based bank reported. The Fitch said this is the highest rating assigned by Fitch to Armenia-based companies. It confirms the leading position of ACBA-CREDIT AGRICOLE BANK […]

    SRC: All organizations providing financial services should be under Central Bank of Armenia control

    Friday, April 5th, 2019

    YEREVAN, April 4. /ARKA/. All organizations providing financial services should be under the control of the Central Bank of Armenia, David Ananyan, the head of the State Revenue Committee (SRC), told journalists on Wednesday. According to the government-proposed changes, the annual duty on running a pawnshop is to increase from the current 100 thousand drams […]

    Armenian central bank to assess financial literacy of citizens

    Friday, April 5th, 2019

    YEREVAN, April 4. /ARKA/. With the assistance of the Union of Savings Banks of Germany, the Central Bank of Armenia, will conduct an assessment of the financial literacy of citizens by the end of 2019, Central Bank Board member Armenak Darbinyan told reporters on Wednesday. The previous study “Barometer of Financial Opportunities” was conducted five […]