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  • Archive for April, 2020

    Some 973 million drams raised to support Armenian government‘s efforts to contain spread of coronavirus

    Monday, April 20th, 2020

    Some 973 million drams (over $1.8 million) 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 revises Yerevan City's outlook to negative; affirms 'BB-'

    Monday, April 20th, 2020

    Fitch Ratings has revised Yerevan City’s Outlook to Negative from Stable, while affirming the city’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB-‘. A full list of rating actions is below

    Union of Banks of Armenia urges everybody to refrain from speculation about banking system amid covid-19

    Monday, April 20th, 2020

    The Union of Banks of Armenia, in its statement released on Monday, urges everybody to refrain from speculation about the country’s banking system amid the spread of the coronavirus COVID-19

    New-elected Armenian central bank head to take office in June

    Monday, April 20th, 2020

    Martin Galstyan, the newly elected head of the Central Bank of Armenia, will take office on June 13, 202, the press service of the central bank reported on Monday

    Armenian central bank joins network for Greening Financial Systems

    Friday, April 17th, 2020

    On April 15, 2020, the Central Bank of Armenia became a full member of the Network for Greening Financial System (NGFS)

    Martin Galstyan elected as new chairman of Armenian central bank

    Friday, April 17th, 2020

    Martin Galstyan, a member of Armenia’s Central Bank Board, was elected today by the parliament as chairman of the Central Bank. He will replace Artur Javadyan, whose tenure is ending later this year

    Armenia singled out for large amounts of money transfers to Russia

    Friday, April 17th, 2020

    The volume of money transfers from the CIS countries to Russia in March grew by 47%, compared with January, TASS reported Friday referring to Izvestia, which presents figures of the Unistream money transfer system

    Fitch affirms ratings of ACBA-CREDIT AGRICOLE BANK and Ardshinbank at ‘B +’, revises outlooks to Negative from Stable

    Friday, April 17th, 2020

    Fitch Ratings has revised the Outlooks on ACBA-CREDIT AGRICOLE CJSC’s (ACBA) and Ardshinbank CJSC’s (Ardshin) Long-Term Issuer Default Ratings (IDRs) to Negative from Stable and affirmed the IDRs at ‘B+’, according to the agency’s press release

    ACBA-CREDIT AGRICOLE BANK accepts only online applications for agricultural loans

    Thursday, April 16th, 2020

    Only online applications for agricultural loans will be accepted, the ACBA-CREDIT AGRICOLE BANK said in a statement today

    Martin Galstyan says regulator's mandate does not need to be expanded

    Thursday, April 16th, 2020

    Martin Galstyan, a member of Armenia’s Central Bank Board, nominated by the ruling My Step parliamentary faction as a candidate to replace Artur Javadyan as chairman of the regulator, was asked during a parliament session today whether he believes that the regulator must be vested with broader authority