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    April 2023
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  • Archive for April, 2023

    Unibank has become a member of the Chamber of Commerce and Industry France Armenia

    Friday, April 28th, 2023

    Unibank has become a member of the Chamber of Commerce and Industry France Armenia (CCI FA)

    Armenia will provide Artsakh with new interstate loan of 3.5 billion drams

    Thursday, April 27th, 2023

    The Armenian government will provide an interstate loan of AMD 3.5bln to the government of Nagorno-Karabakh

    Armenian government debt to GDP ratio decreased to 46.7% in 2022 - Ministry of Finance

    Thursday, April 27th, 2023

    The Armenian government’s debt-to-GDP ratio shrunk significantly, reaching 46.7% in 2022 from 60.2% a year earlier, Armenian Finance Minister Vahe Hovhannisyan said Thursday

    Armenian commercial banks paid 20.5 billion drams in taxes in first quarter of 2023

    Wednesday, April 26th, 2023

    Seventeen out of 18 Armenia-based commercial banks are in the list of the 1000 largest corporate taxpayers in the first quarter of 2023 having paid 20.5 bln drams in various taxes, according to the State Revenue Committee (SRC)

    VTB (Armenia) raises rates on deposits in AMD

    Wednesday, April 26th, 2023

    VTB (Armenia) said today it was raising the interest rate on “Progressive” deposits placed in Armenian drams by 1 percentage point

    Armenian parliament ratifies agreement on purchase of part of Russia’s share in authorized capital of Eurasian Development Bank

    Tuesday, April 25th, 2023

    The Armenian parliament has ratified today a bill on ratification of the intergovernmental agreement between Armenia and Russia on the purchase and sale of the Russian Federation’s share in the paid-up authorized capital of the Eurasian Development Bank (EDB)

    Journey to Kingdom of Urartu through virtual reality headsets

    Tuesday, April 25th, 2023

    Visitors to Erebuni historical and archaeological reserve-museum may now use virtual reality headsets to travel thousands of years back and take part in historical events, the press service of Acba Bank reported

    Armenian National Assembly committee approves loan agreement with EDB for North-South highway construction

    Tuesday, April 25th, 2023

    Armenian National Assembly’s standing committee on financial-credit and budgetary affairs on Tuesday approved the ratification of a loan agreement with the Eurasian Development Bank (EDB) for the North-South highway project

    Armenian banks' ranking by loan portfolio size in first quarter of 2023

    Friday, April 21st, 2023

    In the first quarter of 2023, Armenia’s banks’ loan portfolio grew by 3.4% to over AMD 4.3 trillion as of 31.03.2023

    Net profit of Armenian banks in first quarter of 2023 more than double year-on-year

    Friday, April 21st, 2023

    Eighteen Armenia-based commercial banks earned 70 billion drams in net profit in the first quarter of 2023, by 115.4% more from the same time span in 2022, according to the banks’ statements published in accordance with international financial reporting standards (IFRS). All 18 banks operated with profit