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. 

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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.

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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.

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Armenia’s Central Bank decided to leave the countercyclical capital buffer (CCB) unchanged at 1.5%.

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Neither the Central Bank nor the Armenian government dreamed of banning Russian Mir cards on the territory of Armenia, Babken Tunyan, deputy chairman of the  National Assembly Committee on Economic Affairs, said today.

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The Giacomo Company has established a unique production of solar water heaters in Vostan village of Ararat region, Acba Bank’s press service reports.

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Acba Bank, Hayastan All-Armenian Fund and the State Symphony Orchestra of Armenia have partnered to make it possible to listen to the best works of the world-famous chansonist, the great Armenian Charles Aznavour, with a symphonic performance.

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Byblos Bank Armenia has donated AMD 5 million to the Health Fund for the Children of Armenia to support the fund’s projects aimed at treating children with health issues.

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The project designed to build the Sisian-Kajaran section within the framework of the 4th Tranche of the North-South Interstate Highway was discussed with a delegation of the European Investment Bank (EIB) at the Armenian Road Department.

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The Armenian government on Thursday decided to write off gold-backed loans given to residents of Nagorno-Karabakh before they were forcibly displaced from their homes in September 2023. The gold jewelry pledged as collateral will be returned to them.

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