Armenian government’s debt-to-GDP ratio dropped in 2022 from 50% to 46.7%, according to Finance Minister Vahe Hovhannisyan
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Archive for March, 2023
ARMENIAN GOVERNMENT DEBT TO GDP RATIO IN 2022 DROPPED FROM 50% TO 46.7% - MINISTRY OF FINANCE
Tuesday, March 14th, 2023Acba Bank presented unique fintech solutions at DigiTec
Tuesday, March 14th, 2023Acba Bank took visitors of the DigiTec22 technology exhibition to the digital world to present the innovations of the fintech sector
AraratBank joins the United Nations Women's Empowerment Principles Initiative
Tuesday, March 14th, 2023AraratBank joined the United Nations WEPs initiative back in September 2022, being the first among Armenian commercial banks that year
Armenian government approves ratification of draft law on establishment of Eurasian Reinsurance Company
Friday, March 10th, 2023The Armenian government on Thursday approved a draft law on ratification of the Agreement on Establishment of Eurasian Reinsurance Company, signed on October 20, 2022 in Yerevan
Unibank becomes leader by the number of consumer loans
Friday, March 10th, 2023According to the data for 2022, Unibank provided the largest number of consumer loans in Armenia. Unibank also kept its top positions by the number and volume of POS loans
Avet Mirakyan's Insight investment group acquires leasing subsidiary of American Deere & Company
Thursday, March 9th, 2023Avet Mirakyan’s Russia-based Insight investment group has acquired the Russian leasing company John Deere Financial, which belonged earlier to the U.S.-based Deere & Company
Taxes paid by Armenian banks in 2022 increased by 17.6% to about AMD 52.3 billion
Tuesday, March 7th, 2023Taxes paid by 17 Armenia-based commercial banks in 2022 grew by AMD 9.2 bln or 17.6% from the previous year to about AMD 52.3 bln, the Union of Banks of Armenia (UBA) said
AraratBank committed to the Sustainable Development Goals of the United Nations
Tuesday, March 7th, 2023On 3 March 2023, an event dedicated to the 1st anniversary of AraratBank joining the United Nations Global Compact international initiative was held in the banquet hall of the “Zargatsum” branch of AraratBank
Non-cash card transactions in Armenia grew in 2022 to 69% of total
Tuesday, March 7th, 2023The number of payment cards in Armenia in 2022 grew by almost 29% from the previous year to over 3.1 million. Compared to 2011, their number grew by 226%, according to the Union of Banks of Armenia
Armenian banks' lending in 2022 grew by 6.1% from 2021 to about AMD 4.2 trillion
Tuesday, March 7th, 2023Armenia-based 18 commercial banks’ credit portfolio in 2022 grew by 241 billion drams or 6.1% to about 4.2 trillion drams, the Union of Banks of Armenia said
