Finance minister on possible injection of bank deposits into financial market

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09.12.2020 21:29

YEREVAN, December 9. /ARKA/. Armenian Minister of Finance Atom Janjughazyan commented today on the possibility of injecting individual bank deposits into the financial system in 2021, when asked by MP Sergey Bagratyan what was being done to turn the country's domestic resources into long-term investments.

The lawmaker stressed that at the moment the individual bank deposits are estimated at the equivalent of about $8 billion. In this context, he asked what tools the government and the Ministry of Finance used in order to inject at least $1 billion of that money into the financial market in 2021.

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Tags: bank @en, Deposits, financial market, injection

Pashinyan introduces new chairman to central bank’s staff

15.06.2020 15:51

On Monday, Armenian Prime Minister Nikol Pashinyan introduced the central bank’s new chairman Martin Galstyan to the central bank staff

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Armenia's bank assets built up 17% in 2019 - member of central bank's board

04.02.2020 16:44

Assets of Armenia’s banks has grown 17% in 2019 to AMD 5.28 trillion (USD 11.03 billion) from AMD 4.964 trillion (USD 10.3 billion) in 2018, Martin Galstyan, a member of the board of the Central Bank of Armenia, said Monday in an interview with Civilnet

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Foreign bank-issued cards were used in Armenia to make a total of 4.9 million transactions in 2019

03.02.2020 16:24

In 2019, foreign bank-issued cards were used in Armenia to make a total of 4.9 million transactions, Armenian Prime Minister Nikol Pashinyan said

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Bank branch head arrested in Armenia on suspicion of pocketing AMD 122 million

08.10.2019 16:31

An officers at a bank in Artashat was arrested Tuesday on suspicion of embezzlement of AMD 122 million (around $256,300), the Armenian police department reports on its official website

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ACBA-CREDIT AGRICOLE BANK and NABU organize training for about 250 people involved in organic agriculture

14.08.2019 17:18

The ACBA-CREDIT AGRICOLE BANK in cooperation with the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany, organized a training for about 250 farmers, experts, heads of laboratories and business entities engaged in organic agriculture, to share new knowledge and skills, the Yerevan-based bank said in a news release today

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Bank robbery attempt foiled in Yerevan

11.06.2019 17:22

A man with a sporting gun tried to rob a bank on the fringe of Yerevan on Monday at 17:30, the press office of the police department reports

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Digital transformation in Armenia did not result in banks’ personnel cuts

10.04.2019 09:14

YEREVAN, April 9. /ARKA/. Digital transformation has not resulted in staff cuts in Armenia’s banking sector, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters before the start of a seminar on digital transformation and monetization of data in the banking sector, which was a joint initiative of the Union […]

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WB: some 48% of adult population of Armenia had bank accounts in 2018

05.04.2019 20:57

YEREVAN, April 5. /ARKA /. Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to 2.1% in 2019, amid slowing global growth and uncertain prospects, according to the World Bank’s Economic Update for Europe and Central Asia, released today. Growth in countries across the region […]

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New board chairman appointed at IDBank

10.01.2019 16:09