Armenia’s financial system should aim to avoid the risks that may hit the country by sanctions
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Archive for October, 2022
Central Bank's point of view is to keep the financial system from potential risks- chairman
Monday, October 31st, 2022Armenia's Finance Ministry expects public debt/GDP ratio to drop in 2023 to a level not exceeding 50%.
Monday, October 31st, 2022Armenia’s Finance Ministry expects the country’s public debt/GDP ratio to drop in 2023 to a level not exceeding 50%
Modern agriculture is impossible without innovation
Friday, October 28th, 2022The Festival of Rural Life and Traditions has been held in Armenia for the ninth time. This year, the ACBA Federation is one of the sponsors of the festival, the press service of the Acba Bank reported
Top ten banks in Armenia by size of assets in quarter 3, 2022
Friday, October 28th, 2022The assets of 17 Armenia-based commercial banks exceeded 7.7 trillion drams as of September 30, 2022, having increased by 9.37% compared to the beginning of the year.
Armenia’s Central Bank’s Board sets countercyclical capital buffer of banks at 1% of risk-weighted assets
Friday, October 28th, 2022Armenia’s Central Bank’s Board decided to set the countercyclical capital buffer of banks at 1% of risk-weighted assets
Armenia to provide Nagorno-Karabakh with 20 billion dram loan
Friday, October 28th, 2022The Armenian government approved Thursday a decision to provide Nagorno-Karabakh with another 20 billion drams worth loan. The loan, provided at 0.01% interest rate is to be repaid until January 1, 2026
Top 10 Armenian banks by size of profit in Q3 2022
Thursday, October 27th, 2022As of September 30, 2022, the profit after tax of the 17 Armenia-based commercial banks exceeded AMD 187.7bln, having increased by 193.29% as compared to the same period of the last year
Armenian government approves $100 million loan agreement with ADB
Thursday, October 27th, 2022A $100 million loan agreement between Armenia and the Asian Development Bank was among the non-negotiated bills approved by the government of Armenia at Thursday’s meeting
YSU biologists have obtained organic fertilizer from coffee waste
Wednesday, October 26th, 2022A group of 5 biologists from Yerevan State University (YSU) have founded MiCoFe Startup and started recycling various types of organic waste, Acba bank said in a press release
Armenian parliament ratifies $25 million loan agreement with IBRD for additional financing of education improvement project
Wednesday, October 26th, 2022The Armenian parliament has ratified today y a $25 million loan agreement with the International Bank for Reconstruction and Development (IBRD), a division of World Bank that will be used by the government for Additional Financing of the Education Improvement Project (EIP)
