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
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Archive for June, 2023
Poland looks forward to Armenia's fulfillment of commitments on AMX development
Friday, June 30th, 2023Armenian banks set new record in terms of deposits-Pashinyan
Thursday, June 29th, 2023Armenia-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, 2023Moody’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, 2023Armenia’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, 2023The 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, 2023Moody’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, 2023Armenian 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 forbes.ru
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, 2023One 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, 2023Armenia’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, 2023VTB (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
