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 […]
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Archive for April, 2019
SRC: All organizations providing financial services should be under Central Bank of Armenia control
Friday, April 5th, 2019Armenian central bank to assess financial literacy of citizens
Friday, April 5th, 2019YEREVAN, 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 […]
Armenian central bank calls media reports about devaluation of dram by arrangement with government absurd and groundless
Wednesday, April 3rd, 2019YEREVAN, April 3. /ARKA/. Media reports about devaluation of dram by arrangement with the government are groundless and absurd, Harut Kbeyan, spokesman of the Central Bank of Armenia, posted on his Facebook page. Zhamanak reported today that the government and the regulator decided to devaluate the Armenian national currency by 20 drams to spur the […]
First quarter inflation is 1.5 percent in Armenia
Wednesday, April 3rd, 2019YEREVAN, March 5. /ARKA/. First quarter inflation in Armenia was 1.5%, according to official statistics. Food products, including alcoholic beverages and tobacco products increased by 2.6% in January-March 2019 as opposed to January-March 2018, while prices for non-food products and services increased by 0.8% and 0.4%, respectively. In March 2019, consumer prices rose by 1.9%, […]
Ingo Armenia CEO: life insurance companies and new pension funds manager to emerge in Armenia
Wednesday, April 3rd, 2019YEREVAN, April 3. /ARKA/. In 2018 Armenia-based insurance companies saw their profit drop considerably for the second year in a row. Nonetheless, despite that negative trend, the companies developed and introduced a set of new services. Besides, the government has launched this year a pilot agricultural insurance program, as the introduction of compulsory health insurance […]
EFSE and ACBA-CREDIT AGRICOLE BANK to expand access to finance for Armenian entrepreneurs
Wednesday, April 3rd, 2019YEREVAN, April 3. /ARKA/. Today the European Fund for Southeast Europe (EFSE) provided a local currency loan equivalent to USD 10 million to partner ACBA-CREDIT AGRICOLE BANK to support the bank’s efforts in expanding access to finance for micro and small enterprises (MSEs) in Armenia, EFSE said in a press release. It said the facility […]
US dollar ups by 0.05 points over Armenian dram
Wednesday, April 3rd, 2019YEREVAN, April 2 /ARKA/. The average market exchange rate of the US dollar against the Armenian dram has upped today by 0.05 points from April 1 to 486.47 drams, the Central Bank said. It also said the Euro has dropped from 546.54 drams to 544.99 drams and the Russian ruble has fallen from 7.44 drams […]
Fitch affirms ACBA-CREDIT AGRICOLE and Ardshinbank at 'B+'; Outlook Stable
Monday, April 1st, 2019Fitch также подтвердил банкам краткосрочный рейтинг эмитента (Short-Term IDR) на уровне «B»
