All news related to Armenia

Banks in Armenia account for two-digit lending growth

19.10.2018 18:08

Banks in Armenia account for two-digit lending growth

YEREVAN, October 19. /ARKA/. Armenian banks have built up their aggregate loan portfolio 10.2% or by AMD 2 910.8 billion since the beginning of this year.

Only two of the country’s 17 banks have their lending reduced over these nine months.

According to banks’ reports, their aggregate assets totaled AMD 4 738.9 billion in late September 2018 after growing 8.8% since the beginning of the year, and their liabilities amounted to AMD 3 990.2 billion (9% growth), including liabilities to clients – AMD 2 709.4 billion (6% growth).

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Armenian Central Bank allows to use Russian Narodnaya payment and settlement system

16.10.2018 14:51

Armenian Central Bank allows to use Russian Narodnaya payment and settlement system

Armenia’s Central Bank said today it has allowed to use the Russian Narodnaya (People’s) payment and settlement system for making transactions

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Around $99.3 million bought by Armenian banks last week

08.10.2018 18:56

Around $99.3 million bought by Armenian banks last week

Armenia’s commercial banks bought around $99.3 million from the local foreign currency market on October 1 to 5 at the average weighted exchange rate of 483.28 drams per one USD

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Armenian ministry of finance is looking for alternative to issuing Eurobonds

05.10.2018 18:14

Armenian ministry of finance is looking for alternative to issuing Eurobonds

Armenia’s Ministry of Finance is looking for an alternative to issuing Eurobonds, Finance Minister Atom Janjughazyan told reporters on Thursday. He said Armenia made tow issues of Eurobonds with maturity periods expiring in 2020 and in 2025 respectively

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Union of Banks of Armenia has new chairman

05.10.2018 13:16

Union of Banks of Armenia has new chairman

Artak Anesyan, CEO of Ameriabank, has been elected as new chairman of the Union of Banks of Armenia (UBA), UBA said

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Twelve-month inflation in September rises by 3.5 percent

04.10.2018 16:25

Twelve-month inflation in September rises by 3.5 percent

Armenian consumer prices in September 2018 were 3.5% higher from September 2017, according to the latest numbers, released by the National Statistical Committee (NSC)

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New composite Armenian banknotes to appear in late November

01.10.2018 18:39

New composite Armenian banknotes to appear in late November

New Armenian composite banknotes will be put into circulation before the end of the year, the chairman of the Central Bank Artur Javadyan told reporters the day before

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No capital flight from Armenia, central bank chairman says

01.10.2018 18:05

No capital flight from Armenia, central bank chairman says

There is no capital flight from Armenia, while the amount of bank deposits increased by 100 billion drams, chairman of the Central Bank Artur Javadyan told journalists on Sunday

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Around $93.8 million bought by Armenian banks last week

01.10.2018 16:34

Around $93.8 million bought by Armenian banks last week

Armenia’s commercial banks bought around $93.8 million from the local foreign currency market on September 24 to 28 at the average weighted exchange rate of 481.45 drams per one USD, the Central Bank of Armenia reported on Monday

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Money transfers to Armenia in 2018 August drop by 8% to $160.46 million

01.10.2018 16:32

Money transfers to Armenia in 2018 August drop by 8% to $160.46 million

More than $160.46 million were remitted to Armenia as private money transfers in 2018 August for non-commercial purposes, by 8% less than in August 2017

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