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  • Archive for September, 2022

    International FINTECH360 conference will be held in November in Yerevan 

    Friday, September 9th, 2022

    The international FINTECH360 conference will be held on November 2-5 in Yerevan, during which experts from different countries will discuss innovative technologies and topical issues on the transformation of financial sectors, Unibank reported

    EBRD President will pay first visit to Armenia

    Thursday, September 8th, 2022

    The President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso will be visiting the South Caucasian countries from September 12 to 16, visiting Azerbaijan, Georgia and then Armenia

    Acba bank joins government’s cashback program

    Thursday, September 8th, 2022

    The number of Armenian banks, which have joined a government cashback program, designed for pensioners and allowance recipients who use their bankcards to pay for purchases and utility bills by cashless means has reached four

    Total deposits in Armenian banks grow to 4.17 trillion drams

    Thursday, September 8th, 2022

    Total deposits in 17 Armenia-based commercial banks at the end of July, 2022 were worth 4.17 trillion drams, up from 4.07 trillion drams in late June, according to the National Statistical Committee (NSC)

    Total lending of Armenian banks grows to 3.96 trillion drams in late July, 2022

    Wednesday, September 7th, 2022

    The total lending of 17 Armenia-based commercial banks at the end of July 2022 stood at more than 3.96 trillion drams, up from 3.9 trillion drams in late June, according to the numbers, released today by the National Statistical Committee (NSC)

    Armenia has high inflation, but there is no crisis - Pashinyan

    Wednesday, September 7th, 2022

    Armenia has been experiencing high inflation affecting the social situation in the country, Armenian Prime Minister Nikol Pashinyan said, speaking at a plenary session of the 7th Eastern Economic Forum in Russian Vladivostok on Wednesday

    AraratBank issues and underwrites USD 3,000,000 bonds

    Monday, September 5th, 2022

    On September 08, 2022, ARARATBANK OJSC will issue the second USD-denominated tranche in 2022 on the following terms

    In 2022 August, Armenia's 12-month consumer inflation was 9.1 percent

    Monday, September 5th, 2022

    YEREVAN, Sept. 5. /ARKA/. Armenia’s 12-month consumer inflation in August 2022 was 9.1%, according to the National Statistical Committee (NSC). In August 2022, the inflation was up 0.2% compared to July. In January-August 2022 prices increased by 8.4% against the same period of 2021. Armenia’s GDP in the second quarter of 2022 registered a growth of […]

    Fitch: Armenia's public debt to GDP ratio could fall to 50.5% in 2022

    Monday, September 5th, 2022

    Exposure to exchange rate volatility is the key risk to debt dynamics in the medium term, given that 64.7% of gross general government debt (GGGD) was foreign-currency denominated at end-June (current ‘B’ median: 63.4%), Fitch ratings said in a press release

    Fitch Affirms Armenia at 'B+'; Outlook Stable

    Monday, September 5th, 2022

    Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook