A strong exchange rate has reduced banks’ currency-induced credit risk, with loan dollarization levels falling to 34% by Aug. 31, 2023, from 45% at end-2021, , according to S&P’s Global Banks Outlook 2024 titled “Forewarned is forearmed
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Archive for November, 2023
S&P expects the level of dollarization of loans in Armenia to decrease to 30% in the coming years
Thursday, November 30th, 2023Freedom Broker Armenia's global investment trading platform Tradernet is now available in Armenian
Thursday, November 30th, 2023Freedom Broker Armenia announced a significant expansion of the functionality of the Tradernet trading platform, whose users are more than 300 thousand clients of Freedom Holding Corp. worldwide
Healing honey from white sweet clover a new crop in Armenian beekeeping (VIDEO)
Thursday, November 30th, 2023At the foot of Hatis Mountain, at an altitude of 2,300 meters above sea level there is the “Haterk Food” apiary. Next to it there is an area of 10 hectares of white sweet clover (Melilotus albus), used by the company to produce honey with unique taste characteristics
In Armenia, people lose from $500 thousand to $1 million weekly to cyber fraudsters - expert
Wednesday, November 29th, 2023Armenian citizens lose from $500,000 to $1 million to online scams and fraudsters a week, information security expert Samvel Martirosyan said in an interview with Arka Business program on YouTube channel
Armenian banks provided 200 loans for building housing in border villages, Deputy Minister says
Wednesday, November 29th, 2023Since June 2023 Armenia’s banks have provided 200 loans sought for construction of housing in border villages, Deputy Minister of Labor and Social Affairs David Khachatryan said on Tuesday.
Armenian Deputy PM and ADB President emphasize expansion of cooperation in infrastructure development
Tuesday, November 28th, 2023Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) President Masatsugu Asakawa emphasized today the importance of expanding cooperation in such areas as infrastructure and human capital development.
EBRD expands cooperation with HSBC in Armenia
Monday, November 27th, 2023The European Bank for Reconstruction and Development (EBRD) has signed a funded Risk Sharing Framework (RSF) agreement with HSBC Bank Armenia (HSBC Armenia) to facilitate Armenian firms’ access to finance, EBRD said in a statement
Armenia's state debt up 6.4% to $11 bln 322 million at the end of 9 months of 2023
Monday, November 27th, 2023Armenia’s state debt at the end of nine months of 2023 amounted to 4 trillion 454 billion drams, up from 4 trillion 186 billion drams at the end of 2022, Deputy Finance Minister Vahan Sirunyan said today, saying also that the debt in USD and AMD terms grew by 6.4%
Asian Development Bank ready to expand joint programs with Armenia - President
Monday, November 27th, 2023Armenian Prime Minister Nikol Pashinyan received Asian Development Bank (ADB) President Masatsugu Asakawa on Monday, the government press service reported
Armenian government ends 9 months with budget surplus of 74.6 billion drams
Monday, November 27th, 2023The Armenian government ended the first 9 months of 2023 with a surplus of 74.6 billion drams, Deputy Finance Minister Vahan Sirunyan said today, when speaking at a meeting of the parliamentary committee on financial and budget issues
