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.

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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.

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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.

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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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Prices declined in March by 1.2 percent (yoy), WB says in its Armenia Monthly Economic Update – April 2024».

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 Net money transfers dropped by 63.3 percent (yoy) in February but were almost 4 times higher than in the previous month, according to World bank’s Armenia monthly economic update – April 2024.

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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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