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    January 2023
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  • Archive for January, 2023

    Armenian central bank leaves refinancing rate unchanged

    Tuesday, January 31st, 2023

    Armenia’s Central Bank has decided today to leave the refinancing rate unchanged at 10.75%

    Residents of Armenia may be forbidden to receive loans in foreign currency

    Tuesday, January 31st, 2023

    The ruling Civil Contract party of Armenian PM Nikol Pashinyan has proposed an amendment to the law On Currency Regulation and Currency Control stipulating that banks and credit organizations provide consumer and mortgage loans to Armenian residents only in the country’s national currency dram

    Short-term government bonds worth AMD 3 bln placed in Armenia

    Tuesday, January 31st, 2023

    Short-term government bonds worth AMD 3 bln with maturity date of May 1, 2023 were placed on January 30, the Armenian Ministry of Finance reported

    Tuesday, January 31st, 2023

    Armenia’s gross international reserves, as of December 2022, stood at around $4.11 bln, up from $3.23bln in December 2021, according to a Central Bank report

    Artsakh investment funds suspend accrual of interest and penalties on loans

    Monday, January 30th, 2023

    In a bid to ease the financial crisis in Artsakh (Nagorno-Karabakh) caused by Azerbaijan’s blockade of the only road connecting Artsakh with Armenia, the Artsakh Investment Fund and the Artsakh Rural and Agricultural Support Fund decided to temporarily stop accruing  interest and penalties on obligations to the funds until February 1, 2023

    Armenian Card warns of scammers who work through social networks

    Monday, January 30th, 2023

    Armenian Card (Arca) national payment system has warned card holders of the increasing number of fraudulent pages on social networks, with ArCa in the title

    Money transfers from Russia to Armenia hit record-breaking level in 2021

    Monday, January 30th, 2023

    Individual remittances from Russia to Armenia in the first 11 months of 2022 quadrupled from the same time span of 2021 to almost $3.1 billion, Russian news site RBC.RU reported

    Global Finance: Converse Bank is Armenia's leading bank in Trade Finance

    Friday, January 27th, 2023

    Converse Bank wins ‘Best Trade Finance Provider’ award by Global Finance, maintaining its leading position in this field in Armenia

    Armenian banks paid 60.2bln of taxes in 2022

    Wednesday, January 25th, 2023

    Sixteen out of 18 Armenia-based commercial banks were in the list of 1000 largest corporate taxpayers in 2022 having paid a total of 60.2bln drams in various taxes, according to the State Revenue Committee

    Solar panels installed in SOS Children's Village in Ijevan with assistance of Acba Bank (VIDEO)

    Tuesday, January 24th, 2023

    The SOS Children Village in Ijevan houses children left without parental care. Here they receive care, upbringing and education just like in a family. The charity program also makes every effort to reunite the children with their biological families whenever possible