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  • Archive for November, 2019

    Credit burden of Armenian consumers will be limited by law

    Friday, November 29th, 2019

    The credit burden of Armenian consumers will be limited by law, Armenuhi Mkrtchyan, head of the Center for Consumer Rights Protection and Financial Education of the Central Bank, said at a parliamentary hearing on credit policy and financial literacy

    Share of non-performing individual and corporate loans of Armenia-based commercial banks does not exceed 5%

    Friday, November 29th, 2019

    The share of individual and corporate non-performing loans in the total loan portfolio of 17 Armenia-based commercial banks does not exceed 5%, said Andranik Grigoryan, the head of a Central Bank department overseeing financial stability, when speaking at a parliamentary hearing on credit policy and financial literacy today

    Central Depository of Armenia takes over AECSD chairmanship

    Friday, November 29th, 2019

    The Central Depository of Armenia has assumed chairmanship at Association of Eurasian Central Securities Depositories (AECSD), the press office of the depository reports

    Visa international names Unibank winner in category “Largest Visa Issuance in Armenia”

    Thursday, November 28th, 2019

    Unibank was named the winner in the category “Largest Visa Issuance in Armenia” by the Visa international payment system for its leading position in the number of Visa cards issued in the country. The Recognition Award Ceremony took place on November 27 in Yerevan, the press service of the bank said

    “C-Quadrat Ampega asset management Armenia” launches CQ Armenia Growth Fund

    Thursday, November 28th, 2019

    CQ Armenia Growth Fund said in a press statement today that it offers its investors to have an exposure to a transforming and growing economy of Armenia – a frontier market country with democratic form of government, macroeconomic stability, low inflation and modest deficits and external debt

    Armenian government approves plan of measures to reform financial management system

    Thursday, November 28th, 2019

    The government of Armenia has approved today a plan of measures designed to reform the financial management system for 2019-2023. The main purpose of the plan is to guarantee an equitable distribution of public goods

    ACBA-CREDIT AGRICOLE BANK helps the Sargsyan family from Garni to build up their business

    Wednesday, November 27th, 2019

    The ACBA-CREDIT AGRICOLE BANK helped the Sargsyan family from the village of Garni in Kotayk province to solve the problem of apple storage by assisting it in the construction of a refrigerator with the capacity to hold 12 metric tons

    ADB endorses new 5-year country strategy to support economic diversification, inclusiveness in Armenia

    Tuesday, November 26th, 2019

    The Asian Development Bank (ADB) said today it has endorsed a new 5-year country partnership strategy for Armenia focused on increasing economic diversification and ensuring that economic growth benefits all Armenians

    Pashinyan: central bank has bought $521.8 million this year

    Tuesday, November 26th, 2019

    Armenian Prime Minister Nikol Pashinyan said today that the country’s Central Bank has bought this year $521.8 million

    Deutsche Bank and Goldman Sachs express interest in cooperation with Armenia

    Tuesday, November 26th, 2019

    Armenian Deputy Prime Minister Tigran Avinyan met yesterday in London with top managers of Deutsche Bank and Goldman Sachs to discuss the mechanisms for financing investment programs, as well as the possibility of using innovative tools for their implementation