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  • Archive for October, 2019

    In 2019 Armenia's public debt to make 50.3% of its GDP

    Thursday, October 31st, 2019

    Armenian government’s public debt at the end of 2019 will stand at $6.94 billion, making 50.3% of its GDP, First Deputy Minister of Finance Karen Brutyan told a parliamentary hearing on the 2020 draft budget today. He specified that as of September 30, 2019, the public debt was worth $6.539 billion

    Loan interest rates are gradually moving down in Armenia

    Thursday, October 31st, 2019

    Loan interest rates are gradually moving down in Armenia, Mher Abrahamyan, chairman of the Union of Banks of Armenia, told journalists on Wednesday. In his words, the downward movement of interest rates is seen either on loans in the national currency or on loans in foreign currencies, and this drives banks’ margin down

    Armenian banks' lending amounts to 3.37 trillion drams

    Wednesday, October 30th, 2019

    The amount of lending provided by Armenian banks in the first 9 months of 2019 grew to 3.37 trillion drams, the chairman of the Union of Banks of Armenia Mher Abrahamyan told reporters on Wednesday

    Total capital of Armenia-based commercial banks increase to 818.6 billion drams

    Wednesday, October 30th, 2019

    The total capital of 17 Armenia-based commercial banks in the first 9 months of 2019 increased by 6.2% or 47 billion drams amounting to 818.6 billion drams

    Seventeen Armenia-based commercial banks earn 60.9 billion drams in profit in nine months of 2019

    Wednesday, October 30th, 2019

    Seventeen Armenia-based commercial banks earned a total of 60.9 billion drams in profit in the first nine months of 2019, the chairman of the Union of Banks of Armenia Mher Abrahamyan told reporters on Wednesday

    Key refinancing rate left unchanged, at 5.5% - Armenian central bank

    Wednesday, October 30th, 2019

    The board of the Central Bank of Armenia decided Tuesday at its meeting to leave the key refinancing rate unchanged – at 5.5%, the press office of the regulator reports

    Unibank offers credit card with limit of up to AMD 5 million

    Wednesday, October 30th, 2019

    One of the leaders of retail lending in Armenia – Unibank – offers its customers a credit line of up to 5 million drams for any consumer needs, the press office of the bank reported on Wednesday. According to the press release, the loan can be obtained at any of the bank’s 51 branches. The credit line is issued for a period of up to 5 years at an annual rate of 14.9%

    Arthur Javadyan's successor already known

    Tuesday, October 29th, 2019

    The Armenian authorities have already found successor to Arthur Javadyan, the head of the Central Bank of Armenia, Zhoghovurd reported on Tuesday. According to the daily, this will be Vice Premier Mher Grigoryan

    Significant outflow of specialists from central bank of Armenia seen this year

    Tuesday, October 29th, 2019

    Significant outflow of specialists from the Central Bank of Armenia is seen this year – 100 employees have quit the regulator over 2019, Arthur Javadyan, the central bank chairman, told journalists on Monday

    Armenia's external forex reserves reached record high of about $500 million

    Monday, October 28th, 2019

    Armenia’s external forex reserves have reached the record high of about $500 million, the chairman of the Central Bank Artur Javadyan told reporters on Monday