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    April 2024
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  • Archive for April, 2024

    There is a certain decrease in the exchange rate of dram against dollar in Armenia - Central Bank

    Tuesday, April 30th, 2024

    As a result of a certain prevalence of supply over demand in Armenia the exchange rate of the US Dollar has slightly decreased during the last month, Chairman of the Central Bank of Armenia Martin Galstyan said.

    Net inflow of remittances from Russia to Armenia decreased by about 50% in Q1 - Central Bank

    Tuesday, April 30th, 2024

    The amount of remittances from Russia to Armenia has been declining throughout 2024, head of the Armenian Central Bank Martin Galstyan said today.

    Debtors in Armenia will not be left without means of livelihood - Deputy Minister of Justice

    Tuesday, April 30th, 2024

    Armenian Deputy Justice Minister Levon Balyan presented a draft law on making amendments and additions to the law “On Compulsory Execution of Judicial Acts” in Parliament.

    Central Bank of Armenia lowered refinancing rate by 0.25 p.p. to 8.25%

    Tuesday, April 30th, 2024

    The Central Bank of Armenia at its April 30 meeting has lowered the refinancing rate by 0.25 percentage points, setting it at 8.25%, the regulator’s press service reports.

    Armenian banks paid taxes worth AMD 22.5 bln  in the first quarter

    Friday, April 26th, 2024

    All Armenia-based 18 commercial banks are in the list of 1000 largest corporate taxpayers compiled for January-March 2024, having paid 22.5 billion drams in various taxes, the State Revenue Committee said.

    Fitch forecasts a boom in Eurobond issuance in Armenia and other CIS countries in 2024-2025.

    Thursday, April 25th, 2024

    Eurobond issuance by banks in the CIS+ region (comprising Armenia, Azerbaijan, Georgia, Kazakhstan, Ukraine and Uzbekistan) will increase significantly in 2024 and 2025, albeit from a low base, Fitch Ratings forecasts.

    VTB (Armenia) renews line of deposits for clients

    Tuesday, April 23rd, 2024

    VTB (Armenia) bank has launched three new types of deposits designed for retail clients. Deposits are available in AMD and Russian rubles. The annual yield on deposits in national currency ranges from 7.48% to 10.22% per annum.

    EBRD Annual Meeting to be held in Yerevan

    Tuesday, April 23rd, 2024

    Armenian Finance Minister Vahe Hovhannisyan received a delegation headed by Secretary General of the European Bank for Reconstruction and Development (EBRD) Kazuhiko Koguchi, the Finance Ministry’s website reports. 

    Ranking of Armenian banks by size of loan portfolio for the first quarter of 2024

    Monday, April 22nd, 2024

    The loan portfolio of Armenia-based commercial banks as of 31.03.2024 amounted to over AMD 5.1 trillion, having increased by 1.7% or AMD 86.8 bln during the first quarter of the current year.

    Armenian banks' net profit in the first quarter of 2024 amounted to AMD 83.1 bln

    Monday, April 22nd, 2024

    The net profit of Armenia-based commercial banks in the first quarter of 2024 amounted to about AMD 83.1 bln, having increased by 19% compared to the same time span of the last year. According to the banks’ reports compiled in accordance with IFRS standards.