YEREVAN, April 11. /ARKA/. The government of Armenia made a decision today to acquire additional shares in the International Bank for Reconstruction and Development (IBRD, the first of five member institutions that compose the World Bank Group) to the tune of $5.4 million until 2023 inclusive to maintain its position in the financial institution. Minister […]
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Archive for April, 2019
Armenia to acquire additional shares in IBRD to preserve its voting right
Thursday, April 11th, 2019Digital transformation in Armenia did not result in banks’ personnel cuts
Wednesday, April 10th, 2019YEREVAN, April 9. /ARKA/. Digital transformation has not resulted in staff cuts in Armenia’s banking sector, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters before the start of a seminar on digital transformation and monetization of data in the banking sector, which was a joint initiative of the Union […]
Armenia’s external reserves up $77 million
Wednesday, April 10th, 2019YEREVAN, April 9 / ARKA /. Armenia’s gross external reserves at the end of March 2019 stood at $2.151.1 billion, an increase of $76.8 million, or 3.7% from the previous month, according to Central Bank’s data. At the end of March 2019, external reserves in freely convertible currency stood at $2.149 billion. According to the […]
PM introduced to central bank, ministry of finance-implemented studies
Monday, April 8th, 2019YEREVAN, April 8. /ARKA/. Armenian Prime Minister Nikol Pashinyan visited last Saturday the Dilijan Training and Research Center of the Central Bank of Armenia, the government press office said. It said Pashinyan and the Cabinet members were introduced to the findings of a series of surveys carried out by the Central Bank and the Ministry […]
WB: some 48% of adult population of Armenia had bank accounts in 2018
Friday, April 5th, 2019YEREVAN, 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, 2019YEREVAN, 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, 2019YEREVAN, 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, 2019YEREVAN, 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, 2019YEREVAN, 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 […]
