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  • Archive for March, 2020

    Armenian premier presents first package of measures to be taken to curb spread of COVID-19

    Monday, March 23rd, 2020

    Armenian Prime Minister Nikol Pashinyan on his Facebook page presented the draft package of first measures to be taken to neutralize the economic consequences of the coronavirus, and also offered to submit proposals and comments on it before March 18, 18:00, by sending them to [email protected]

    Armenia's central bank ceases accepting applications and messages in paper format

    Friday, March 20th, 2020

    Citing the situation caused by the outbreak of coronavirus, Armenia’s Central Bank said it ceases accepting applications and messages in paper format (hard copies) starting March 23

    Armenia’s banking sector has no liquidity problem

    Friday, March 20th, 2020

    Armenia’s banking sector has no liquidity problem, Central Bank Board member Arthur Stepanyan said at a press conference on Friday

    Armenian central bank downs refinancing rate to retain economic stability

    Friday, March 20th, 2020

    The Central Bank of Armenia has lowered the refinancing rate to maintain macroeconomic stability in the country, Arthur Stepanyan, a member of the central bank’s board, said at a news conference at the Unified Information Center on Friday

    HSBC Bank Armenia grants some preferences to clients due to situation around spread of coronavirus

    Friday, March 20th, 2020

    Taking into account the fact that due to the situation around the spread of coronavirus /COVID-19/, some customers of “HSBC Bank Armenia” CJSC may face problems in meeting the loan obligations stipulated in their agreements, as well as with the purpose of assisting its customers in overcoming their financial difficulties, the Bank provides some preferences to clients

    Unibank transfers 10 million drams to support the ministry of health of Armenia to combat coronavirus

    Thursday, March 19th, 2020

    Unibank said it has transferred 10 million drams to support the efforts of the Ministry of Health of Armenia to combat the coronavirus infection

    Some 100 million drams have been raised to support Armenian government's efforts to contain the spread of coronavirus

    Thursday, March 19th, 2020

    Some 100 million drams (almost $225 thousand) have been raised so far to support the Armenian government’s efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported

    Fitch affirms ACBA-CREDIT AGRICOLE and Ardshinbank at 'B+'; outlook stable fitch ratings-Moscow-18 March 2020:

    Thursday, March 19th, 2020

    Fitch Ratings has affirmed ACBA-Credit Agricole Bank CJSC’s (ACBA) and Ardshinbank CJSC’s (Ardshin) Long-Term Foreign-Currency Issuer Default Ratings (IDRs) at ‘B+’ with Stable Outlooks

    Armenia's central bank cuts refinancing rate by 0.25 percentage points setting it at 5.25 percent

    Tuesday, March 17th, 2020

    Armenia’s Central Bank decided today to cut the key refinancing rate by 0.25 percentage points, setting it at 5.25%. It said in a statement that in February 2020, the 12-month inflation was 0.5%, resulting from 0.2% deflation registered against 0.6% inflation in the same span of the past year

    Armenia’s financial system not affected by coronavirus outbreak

    Monday, March 16th, 2020

    Armenia’s financial system continues to work in normal mode, the Central Bank said in a statement today