The development of the conflict in Nagorno-Karabakh could lead to devastating consequences for the banking sectors of Armenia and Azerbaijan, according to the review of the rating agency Moody’s, published by RBC
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Archive for October, 2020
Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh
Friday, October 9th, 2020Armenian deputy prime minister elected deputy chairman of EBRD Board of Governors
Thursday, October 8th, 2020Armenia’s Deputy Prime Minister Tigran Avinyan was elected Deputy Chairman of the Board of Governors of the European Bank for Reconstruction and Development (EBRD)
Armenian dram remains stable, and financial sector displays high level of capital liquidity - WB
Thursday, October 8th, 2020The Armenian dram remains stable, and the financial sector displays a high level of capital liquidity, according to the World Bank’s report on the regional economic development of Europe and Central Asia, published on Wednesday
Banks’ powers for forgiving fines may be expanded in Armenia
Wednesday, October 7th, 2020The National Assembly of Armenia passed Tuesday at the first reading amendments to the Tax Code, in accordance with which banks, taking into account the current situation, will be allowed to forgive fines and penalties
Fitch downgrades Armenia to 'B+'; outlook stable
Tuesday, October 6th, 2020Fitch Ratings has downgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘. The Outlook is Stable
Armenian credit organizations award credit holidays to borrowers who volunteered to defend Karabakh
Friday, October 2nd, 2020Credit organizations in Armenia will award credit holidays to those borrowers who have volunteered or were called up to the armed forces for the entire period of marshal law, declared after the large-scale offensive by Azerbaijan against Nagorno-Karabakh, the Union of Credit Organizations said in a statement today
