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  • Archive for August 26th, 2022

    Volume of transactions made by Armenian banks’ cards abroad almost doubled in first half of 2022

    Friday, August 26th, 2022

    Banking cards issued by Armenia-based banks were used to make 6,139,854 transactions abroad in the first half of 2022, up 78.2% from the same time span of 2021, according to the Union of Banks of Armenia

    Total securities issued by Armenian banks totaled AMD 376bln in first half of 2022

    Friday, August 26th, 2022

    Securities portfolio of Armenian banks totaled AMD 376bln in the first half of 2022, executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan said at a press conference on Friday

    The share of non-performing loans of Armenian banks fluctuates within 5-6%

    Friday, August 26th, 2022

    The share of non-performing loans in the portfolio of Armenian banks in the first half of this year fluctuated within 5-6%, Seyran Sargsyan, the Executive Director of the Union of Armenian Banks (UBA), told a news conference today

    Armenian banks' loan portfolio ups 0.7% to about 4 trillion drams

    Friday, August 26th, 2022

    In the first half of 2022, the loan portfolio of 17 Armenia-based banks increased by 28 billion drams or 0.7% to about 3.99 trillion drams, the executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan told a press conference today.

    Armenian banks' total capital up 23% to about 1.1 trillion drams

    Friday, August 26th, 2022

    The total capital of 17 Armenia-based commercial banks grew by 23% or 213 billion drams in the first half of 2022 to about 1.14 trillion drams, Seyran Sargsyan, the executive director of the Union of Banks of Armenia told a press conference today

    Recommendations on development of settlements in national currencies in EEU approved

    Friday, August 26th, 2022

    The Eurasian Intergovernmental Council approved August 25 at a meeting in Cholpan-Ata, Kyrgyzstan, a set of recommendations on expansion of the use of national currencies of the EEU member states in mutual trade, TASS reported citing the press service of the Russian Ministry of Economic Development