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  • Archive for March, 2020

    Armenian regulator calls on commercial banks to apply individual approach to borrowers because of coronavirus

    Monday, March 16th, 2020

    The Central Bank of Armenia has clarified the situation on loan repayments amid the risk of the spread of coronavirus

    Armenian banks to make concessions to clients because of coronavirus – Pashinyan

    Monday, March 16th, 2020

    In connection with the spread of coronavirus in Armenia, local banks will take an individual approach to customers so that they do not face the problem of repaying loans, Armenian Prime Minister Nikol Pashinyan said during a live broadcast on his Facebook page

    New Armenian banknotes become winners at High Security Printing EMEA-2020

    Friday, March 13th, 2020

    New Armenian banknotes have become winners at the High Security Printing EMEA-2020 international competition in the category “The Best New Series”, the press service of the Central Bank of Armenia reports

    Armenian central bank to replace used banknotes to prevent spread of coronavirus

    Friday, March 13th, 2020

    The Armenian central bank said on Thursday it would gradually replace used banknotes with new ones to try to prevent the spread of coronavirus and advised people to avoid making cash payments where possible

    Economist: Armenia's preparation for possible fluctuations at forex market is at high level, but there are also vulnerable categories of people - exclusive interview

    Friday, March 13th, 2020

    Armenia’s preparation for possible fluctuations at forex market is at a high level, but there are also vulnerable categories of people, Sevak Hovhannisyan, a member of the board of the Economy and Values center, said in an interview with ARKA News Agency

    Inflation in Armenia needs no abrupt corrections - central bank

    Friday, March 13th, 2020

    Inflation in Armenia needs no abrupt corrections, Martin Galstyan, a member of the board of the Central Bank of Armenia, said Tuesday in an interview with the Public Television of Armenia

    No signs of serious economic crisis seen in Armenia because of coronavirus - central bank

    Friday, March 13th, 2020

    No signs of serious economic crisis seen in Armenia because of coronavirus, Martin Galstyan, a member of the board of the Central Bank of Armenia, said Tuesday in an interview with the Public Television of Armenia

    Armenia’s mortgage market grew by 40 percent in 2019

    Thursday, March 12th, 2020

    Armenia’s mortgage market in 2019 grew by 40% or 165 billion drams, a member of the Central Bank Board Martin Galstyan said during a televised interview on the Public Television on March 10

    Armenia's financial system stable, and no signs of crisis or other threats seen now

    Thursday, March 12th, 2020

    Armenia’s financial system is stable, and no signs of crisis or other threats are seen now, Martin Galstyan, a member of the board of the Central Bank of Armenia, said Tuesday in an interview with the Public Television of Armenia

    Volume of transactions made by payment cards in Armenia grew by 21 percent in 2019 to 2.344 trillion drams

    Thursday, March 12th, 2020

    The Union of Banks of Armenia called on citizens to make payments by bank transfers as one of the measures to combat the spread of coronavirus