Archives by Month:


  • Calendar

    June 2023
    M T W T F S S
  • Archive for June, 2023

    Poland looks forward to Armenia's fulfillment of commitments on AMX development

    Friday, June 30th, 2023

    The Polish side hopes that the Armenian side will fulfill its obligations to implement a program designed to develop the Armenian Securities Exchange (AMX), Polish Deputy Minister of Development and Technologies Grzegorz Piechowiak said Thursday at a meeting of the Armenian-Polish Intergovernmental Commission on Economic Cooperation held in Yerevan

    Armenian banks set new record in terms of deposits-Pashinyan

    Thursday, June 29th, 2023

    Armenia-based commercial banks have set a new record in deposits volume, which have surged to over AMD 5.5 trillion, Prime Minister Nikol Pashinyan said at a governmental session on Thursday

    Moody’s rating agency has upgraded Converse bank’s rating

    Thursday, June 29th, 2023

    Moody’s upgraded Converse bank’s BCA to b1 from b2 and affirmed the bank’s long-term deposit ratings at B1. The rating agency also upgraded the outlook on the B1 long-term deposit ratings to stable

    Central Bank of Armenia has no plans to tighten liquidity requirements for banks (EXCLUSIVE)

    Tuesday, June 27th, 2023

    Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in  response to  ARKA News Agency’s inquiry about whether it was planning to  toughen prudential requirements for banks, particularly, the liquidity ratio because of  the large inflow of non-resident funds

    Armenian National Assembly approves EUR 92.3 million loan from IBRD

    Tuesday, June 27th, 2023

    The Armenian parliament approved on Monday an agreement with the International Bank for Reconstruction and Development (IBRD).whereby the latter will provide Armenia a EUR 92.3mln loan

    Moody's changes Armenia's outlook to stable from negative; affirms Ba3 rating

    Friday, June 23rd, 2023

    Moody’s Investors Service has affirmed the Government of Armenia’s Ba3 local and foreign currency long-term issuer ratings, as well as the foreign currency senior unsecured ratings. Concurrently, Moody’s has changed the outlook to stable from negative

    Armenian investment company Armbrok earned AMD 4.5 bln in first quarter thanks to Russians

    Friday, June 23rd, 2023

    Armenian investment company Armbrok earned 4.5 billion drams (about $11.6 mln) in net profit in the first quarter of this year, according to its statements. Net commission income totaled 2.9 billion drams (about $ 7.5 million), compared to only 33 million drams (about $85,500) earned over the same period in 2022, reports

    One of the goals of selling majority stake in Armenian Securities Exchange was to attract non-residents - Deputy Head of Central Bank

    Thursday, June 22nd, 2023

    One of the goals of selling the majority stake of the Armenian Securities Exchange (AMX) was to attract non-residents, Deputy Chairman of the Central Bank of Armenia Armen Nurbekyan said

    Armenian Central Bank introduces new collector coins

    Tuesday, June 20th, 2023

    Armenia’s Central Bank has put today into circulation three collector coins- “100th Anniversary of Foundation of Armenian Cinema”, “100th Anniversary of Hagop Hagopian’s Birth” and “Ararat-73 – 50th Anniversary of Golden Double” silver collector coins into circulation

    VTB (Armenia) unveils new head office in Yerevan

    Friday, June 16th, 2023

    VTB (Armenia) has moved its head office in Yerevan to a new building. The 5000 square meter premises accommodates 400 employees working in all spheres of the business