All news related to Armenia

Fitch says operating environment trends will remain broadly supportive for banks’ growth

11.12.2018 16:21

Fitch says operating environment trends will remain broadly supportive for banks’ growth

YEREVAN, December 11. /ARKA/. Armenia’s stable sector and rating outlooks reflect our expectation that operating environment trends will remain broadly supportive for banks’ growth, performance and asset quality in 2019, Fitch said in a report.

“Our assumption factors in continued economic growth, which we forecast to moderate but remain solid at 4.1% in 2019 (2018F: 4.7%; 2017: 7.5%). Economic growth has been helped by strong external and domestic demand, and the stability of the Armenian dram. The latter remains of high importance given the significant financial sector dollarisation,” it said.

Fitch expects credit growth to moderate, closer to 10% in 2019 (2018F: 16%), reflecting macro trends and the fact that loan penetration is now at a historically high level (gross loans/GDP ratio of 51% at end-1H18, above the CIS average).

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Armenia’s gross external reserves increase by $35 million to $2.117.8 billion

10.12.2018 18:50

Armenia’s gross external reserves increase by $35 million to $2.117.8 billion

Armenia’s gross external reserves at the end of November 2018 stood at $2.117.8 billion, showing an increase of 1.68% or $35 million from the previous month, the Central Bank of Armenia said today

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Money transfers from Armenia to abroad surge by 22 percent to $951 million

07.12.2018 16:09

Money transfers from Armenia to abroad surge by 22 percent to $951 million

Money transfers from Armenia to abroad in the first 10 months of 2018 amounted to $951 million, having surged by 22% from the same period last year, according to numbers, placed on the official website of the Central Bank of Armenia

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Money transfers to Armenia in 2018 October grow by 8.6 percent to $177.1 million

06.12.2018 16:05

Money transfers to Armenia in 2018 October grow by 8.6 percent to $177.1 million

Private money transfers sent to Armenia for non-commercial purposes in October 2018 grew by 8.6% from the year before to more than $177.1 million, the Central Bank said

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Armenia is second in the world to launch unique QR system of mobile payments

06.12.2018 13:53

Armenia is second in the world to launch unique QR system of mobile payments

Armenia is the second country in the world after Singapore to have launched the Payment Express (PayX) system with the assistance of Visa International, PayX co-founder Smbat Nasibyan told reporters today

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Deposits in Armenian banks grow by 40 billion drams in October to over 2.8 trillion drams

05.12.2018 17:36

Deposits in Armenian banks grow by 40 billion drams in October to over 2.8 trillion drams

At the end of October 2018, deposits in Armenian banks were worth 2.852.4 trillion drams, having increased by 40 billion drams or 1.4% from the previous month

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Unibank’s new program to help more than 100 women entrepreneurs in Armenia expand their businesses

04.12.2018 17:13

Unibank’s new program to help more than 100 women entrepreneurs in Armenia expand their businesses

The involvement of women in business is an upward trend of the world economy as more and more companies tend to have at least one woman as a top manager

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Armenian banks’ lending surpasses for the first time 3 trillion drams

04.12.2018 16:29

Armenian banks’ lending surpasses for the first time 3 trillion drams

Armenian banks’ lending amounted to 3.022.1 trillion drams in late October, having increased by 34.8 billion drams or 1.16% from the previous month, the Central Bank said

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IMF assesses positively Armenia’s financial system’s stability in 2018 and welcomes central bank’s reforms

04.12.2018 16:27

IMF assesses positively Armenia’s financial system’s stability in 2018 and welcomes central bank’s reforms

On November 30, 2018, the Executive Board of the International Monetary Fund (IMF) discussed the Financial System Stability Assessment (FSSA) of Armenia. Armenia’s financial system has expanded further since the 2012 Financial Sector Assessment Program (FSAP)

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Around $109.3 million bought by Armenian banks last week

03.12.2018 14:42

Around $109.3 million bought by Armenian banks last week

Armenia’s commercial banks bought around $109.3 million from the local foreign currency market on November 26 to 30 at the average weighted exchange rate of 484.28 drams per one USD, the Central Bank of Armenia reported on Monday

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