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    November 2022
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  • Archive for November, 2022

    Armenian minister blames inflation on high consumption, growth and arrival of thousands of foreign nationals

    Wednesday, November 30th, 2022

    Armenian Economy Minister Vahan Kerobyan blamed today the rising inflation on high consumption driven by high economic growth, the sharp rise in prices of food and other goods in international markets and on the arrival of tens of thousands of Russian nationals and ethnic Armenians

    Taxes paid by Armenian banks in 9 months increased by 13.6% to about 46.5 billion drams

    Tuesday, November 29th, 2022

    The amount of taxes paid by 16 Armenia-based commercial banks in January-September of 2022 grew by about 5.6 billion drams (13.6%) compared to the same period in 2021, according to the Union of Banks of Armenia (UBA). The amount of direct taxes increased by about 4.8 billion drams or 13.8% to about 39.8 billion drams

    Money transfers to Armenia grow by 125% in 9 months to $3.5 billion

    Monday, November 28th, 2022

    Individual money transfers to Armenia processed by local banks as of late September 2022 increased by approximately $1.9 bln or 125% from September 2021 to $3.5 bln, the Union of Banks of Armenia (UBA) said in a report

    Armenian banks’ securities portfolio amounted to 365 billion drams at the end of September

    Monday, November 28th, 2022

    The portfolio of securities issued by Armenia’s banks in the first half of 2022 totaled 365 billion drams, according to the Union of Banks of Armenia (UBA)

    Armenian banking sector secures profit of 187.8 billion drams in 9 months - UBA

    Monday, November 28th, 2022

    All seventeen Armenia-based commercial banks earned 187.8 billion drams in profits in the first 9 months of 2022, by 121.5 billion drams (or 183.3%) more from the same time span of 2021, according to the Union of Banks of Armenia (UBA)

    Russian BKS bank resumes money transfers in USD to Armenia

    Monday, November 28th, 2022

    Russian BKS bank has resumed foreign currency transfers in U.S. dollars to Armenia, TASS news agency reported quoting the credit institution

    Acba Bank provided about AMD 246 million to Hayastan All-Armenian Fund in 2021-2022

    Friday, November 25th, 2022

    Acba Bank joined the 25th annual telethon held this year under the motto “We Develop Dynamic Communities’, organized by Hayastan All-Armenian Fund, the bank’s press service said in a press release

    AraratBank launches Google Pay for its card users

    Friday, November 25th, 2022

    Starting today, AraratBank will support Google Pay, enabling cardholders to take advantage of simple and secure contactless payments and digital card storage on both Android and WearOS devices

    ADB intends to expand cooperation programs with Armenian government and private sector

    Thursday, November 24th, 2022

    YEREVAN, Nov. 24. /ARKA/. Armenian President Vahagn Khachaturyan received on Thursday Eugene Zhukov, Director General of Central and West Asia Regional Department at the Asian Development Bank, the presidential press service reported. The meeting was also attended by ADB Armenia Director Paolo Spantigati and Deputy Finance Minister Vahe Hovhannisyan. Zhukov was quoted as saying that […]

    Finance Minister discusses transparency of state finances related to children's rights with UNICEF representative in Armenia

    Wednesday, November 23rd, 2022

    Armenian Finance Minister Tigran Khachatryan received on Wednesday UN Interim Resident Coordinator in Armenia and UNICEF Representative Christine Weigand, the ministry’s press service reported