Armenia’s national currency, the dram, continued to depreciate gradually against the USD, the World Bank says in its ‘Armenia Monthly Economic Update – January 2024
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Archive for January, 2024
WB: ARKA/ Armenia's national currency continued to depreciate gradually against USD
Friday, January 26th, 2024Armenia's banks paid AMD 131.2 bln of taxes in 2023
Friday, January 26th, 2024Seventeen Armenia-based commercial banks out of 18 (except for Artsakhbank) appeared in the list of 1000 largest taxpayers in 2023, having paid 131.2 billion drams in various taxes, the State Revenue Committee (SRC) eported
WB: net money transfers to Armenia in November 2023 were down 82 percent from November 2022
Friday, January 26th, 2024Net money transfers to Armenia in November 2023 were down 82 percent from November 2022 and 68 percent compared to October 2023, the World Bank says in its ‘Armenia Monthly Economic Update – January 2024
Armenia to join AIIB by acquiring $37.4 mln stake in it
Thursday, January 25th, 2024Armenia will join the Asian Infrastructure Investment Bank (AIIB) by acquiring a $37.4 million stake in the bank. A decision to that end was approved today by the government
Transnational organized crime group uncovered in Armenia: suspected of investment fraud
Thursday, January 25th, 2024A transnational criminal group engaged in investment fraud has been uncovered in Armenia, the Interior Ministry said, calling it an “unprecedented case” in the country’s history
ARKA news agency releases ranking of Armenia's most profitable banks in 2023
Monday, January 22nd, 2024ARKA news agency has released the ranking of the most profitable commercial banks in Armenia in 2023, which earned a total of 229.8 billion drams in net profit, down from 253․6 billion drams earned in 2022
Credit portfolios of Armenia's banks increased by 18.6% in 2023 to about AMD 5 trillion.
Monday, January 22nd, 2024The credit portfolios of Armenia-based 18 commercial banks increased by 18.6% or AMD 777 bln in 2023 to about AMD 5 trillion
Armenia-based banks' secured 230 bln AMD profit in 2023 - Union of Banks
Friday, January 19th, 2024Armenia-based commercial banks’ profits in 2023 amounted to about 230 billion drams, 9.2% less than in 2022, when theyr earned 253 billion drams in rofit, the Union of Banks of Armenia reported
Converse Bank for the fifth time in a row is recognized as the best by Global Finance
Friday, January 19th, 2024YEREVAN, January 19. /ARKA/. Converse Bank has been awarded with the “Best Trade Finance Provider in Armenia” for 2024 award by the prestigious Global Finance magazine. “Taking into consideration the changes in the ever evolving economic landscape, receiving this international award testifies to the effectiveness of our efforts towards development of trade finance in Armenia, […]
Armenian government aproves project to attract foreign funds
Thursday, January 18th, 2024The Armenian government at a session on Thursday approved a project aimed at stimulating the entry of foreign investment funds into the Armenian market
