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  • Archive for November 8th, 2024

    Concerts of pianist Denis Matsuyev will be held in Yerevan with the support of VTB (Armenia)

    Friday, November 8th, 2024

    VTB (Armenia) is a partner of Yerevan Perspectives International Music Festival.

    Euro jumps by 1.15 points to AMD 417.58

    Friday, November 8th, 2024

    The average market exchange rate of the US dollar against the Armenian dram on 8 November 2024 was AMD 387.37, up 0.14 points compared to 7 November.

    Net inflow of remittances to Armenia from abroad decreased by approximately 1.5 times in 9 months

    Friday, November 8th, 2024

    The net inflow of cross-border money transfers to individuals in Armenia, received from abroad through Armenian banking system, totaled approximately $888 million in January-September 2024, compared to $1.3 billion in the same period of 2023, according to a report by the Central Bank.

    Share of problem loans in Armenia decreased to 1-2% – UBA

    Friday, November 8th, 2024

    The share of problem loans in Armenia has been decreasing over the last 2-3 years, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).

    Banking and financial systems of Armenia and Georgia share similarities in key indicators – UBA

    Friday, November 8th, 2024

    Despite the differences, Georgia’s financial and banking systems are very similar in their indicators to those of Armenia, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).

    Armenian banking sector liquidity ratio stands at 35.2 per cent - UBA

    Friday, November 8th, 2024

    The liquidity ratio of Armenia’s banking sector is 35.2 per cent, Deputy Chairman of the Union of Banks of Armenia (UBA) Ruben Melikyan said.

    Armenia's banking sector may reach net profit of $1bn in 2025 - UBA

    Friday, November 8th, 2024

    Armenia’s banking sector has the potential to reach a net profit target of $1 billion in 2025, Deputy Chairman of the Union of Banks of Armenia (UBA) Ruben Melikyan said Thursday.