The Armenian banking sector has entered 2017 in better shape as the recapitalization required to meet the increased minimum capital standard from 2017 has been completed
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Members of NASDAQ OMX Armenia have been ignoring the stock exchange for carrying out foreign exchange transactions, preferring over the counter (OTC) deals, Konstantin Saroyan, the director of the exchange, said in an interview with ARKA news agency
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Armenia’s state external debt increased by 14.1% in 2015 to $4.317.3 billion, the National Statistical Service (NSS) said
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Armenia’s banking sector in the outgoing year has faced a string of serious challenges – slower economic growth, weak economic activity and the worsening solvency of the population have affected the main indicators of banks
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The capital adequacy ratio (the percentage of capital to risk-weighted assets) of Armenia’s banks was 14.5% in 2014, as compared to 16.7% the year before
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Reduction of interest spread under a stiff competition among Armenia’s banks downed their profitability
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Devaluation of the Armenian national currency took recently will increase credit burden and dollarization in the population’s deposits in banks
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The Armenian dram plunged yesterday to its record low in the last eight years – the national currency fell 16.6 percentage points against the U.S. dollar, which was traded at 435 drams, on average
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Armenia’s insurance companies posted 2,350.4 million drams in net profit as of the end of the third quarter 2014, as compared to 338 million in loss in the same period of the year before, according to ARKA’s “Insurance companies of Armenia” quarterly bulletin for Q3 2014
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Loan loss reserves of Armenia’s commercial banks rose by 37% to 50.9 billion drams in the first half of this year, as compared to H1 2013
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