Martin Galstyan points out lending activity in Armenia`s banking system Tuesday, April 30 2024 17:02:00
|
 ArmInfo. The head of the Central Bank of Armenia, Martin Galstyan, pointed out the lending activity in the banking system of Armenia. He announced this on April 30 during the press conference held in connection with the next reduction of the refinancing rate, this time to 8.25%. |
Saturday, July 15 2023 11:05
ArmInfo. July 10 to 15, 2023, saw a manifold increase in USD transactions, with a decline in RUB transactions and no EUR transactions effected for the third week running. Almost daily USD transactions were effected, with two RUB transactions effected. No transactions were effected on Tuesday. USD transactions showed a 9.8-fold increase against a 95.7% decline, with RUB transactions showing a 59.5% decline against a 26.7% decline. As a result, the total amount of USD transactions exceeded the total amount of RUB transactions 6-fold, whereas RUB transactions exceeded USD transactions 4-fold the previous week. >>> |
Friday, July 14 2023 19:41
ArmInfo.Ardshinbank has been honored with the Euromoney magazine 2023 Award of Excellence as “The Best Bank in Armenia”. This recognition is a testament to Ardshinbank's exceptional performance, innovative approaches, and leading position as the largest service provider in the Armenian financial market. The annual Euromoney Awards celebrate banking excellence and innovation, honoring banks that demonstrate strong growth, customer focus and strategic vision. >>> |
Saturday, July 8 2023 11:09
ArmInfo. July 3 to 7, 2023, USD and RUB transactions showed a decline, with no EUR transactions effected for the second week. USD and RUB transactions were effected only on Tuesday and Thursday. Specifically, USD transactions showed a 95.7% decline against a 4.1-fold growth, with RUB transactions showing a 26.7% decline against a 2.4-fold growth. As a result, the total amount of RUB transactions exceeded the total amount of USD transactions 4-fold. The previous week, USD transactions exceeding RUB 4-fold. >>> |
Thursday, July 6 2023 17:58
ArmInfo. VTB Bank (Armenia) has opened a "Moscow" branch to serve legal entities in a new modern office in the center of Yerevan at the address: 4/3 Aram St., building 59, Yerevan. This is noted in the message of VTB (Armenia), which indicates that customer service in this branch is carried out on weekdays from 9:30 a.m. to 5:00 p.m.. >>> |
Wednesday, July 5 2023 13:24
ArmInfo.The most active period of travel has begun. Before starting summer adventures, in addition to a few things to do, you will also need to pack your suitcase, and your best friend during your travels will be the Visa Travel card from IDBank. We’re here to tell you why and remind you of the great news! >>> |
Tuesday, July 4 2023 19:29
ArmInfo. >>> |
Sunday, July 2 2023 11:07
ArmInfo.As early as July 1, in the frames of the IDsalary package from IDBank, customers will have an opportunity to cash out free of charge not only at IDBank ATMs, but also at ArCa system banks. >>> |
Friday, June 30 2023 16:13
ArmInfo. By June 2023, Armenia's gross international reserves (GIR) accelerated y-o-y growth from 4.7% to 19%, increasing in absolute terms by $597.4 million and reaching $3.749 billion, thereby approaching the historical maximum of $4.112 billion recorded at the end of 2022. About this evidenced by the data of the Central Bank of the Republic of Armenia, according to which in May of this year alone, GIR increased by 3.1% (or by $112 million), while in Jan-May it decreased by 8.8% (or by $363.1 million). >>> |
Thursday, June 29 2023 17:39
ArmInfo. Moody's Investors Service ("Moody's") upgraded Ameriabank’s Baseline Credit Assessment (BCA) to ba3 from b1 and affirmed the bank’s long-term deposit ratings at Ba3. The rating agency also changed the outlook on the Ba3 long-term deposit ratings to stable from negative. >>> |
Thursday, June 29 2023 16:37
ArmInfo. Moody's, the global credit rating agency, has upgraded the Ardshinbank's Baseline Credit Assessment (BCA) to ba3 from b1 and affirmed its long-term deposit ratings at Ba3. Additionally, the outlook on the Ba3 long-term deposit has been changed from negative to stable. >>> |
Thursday, June 29 2023 13:37
ArmInfo. Moody's upgraded Converse bank's BCA to b1 from b2 and affirmed the bank's long-term deposit ratings at B1. The rating agency also changed the outlook on the B1 long-term deposit ratings to stable from negative. This is stated in the message of Converse Bank, >>> |
Thursday, June 29 2023 12:19
ArmInfo. According to a revised forecast by the Central Bank of Armenia (CBA), 6.9% GDP growth is expected this year against the previously forecast 5.8% (against the actual 12.6% growth in 2022), with a further slowdown to 5.5% in 2024. >>> |
Wednesday, June 28 2023 20:49
ArmInfo. On June 28, ARARATBANK OJSC started payment of dividends to shareholders, directing AMD 5 billion ($12.7 million) from the net profit of AMD 13.2 billion ($33.5 million) received for 2022. The remaining AMD 8.2 billion ($20.8 million) remain at the disposal of the Bank and will be directed to its development. This decision was made at the General Annual Meeting of ARARATBANK Shareholders held on June 27. >>> |
Tuesday, June 27 2023 19:47
ArmInfo.As a result of balanced operations, AraratBank managed to sum up the year with higher indicators, exceeding the planned ones. >>> |
Tuesday, June 27 2023 16:00
ArmInfo.Ardshinbank's Private Banking has achieved the distinguished recognition of being named the Best in Armenia for 2023 by the esteemed financial publication, Global Banking & Finance Review. >>> |
Friday, June 23 2023 18:34
ArmInfo.The growing demand for digital services by tens of thousands of resettlers has seriously motivated the banking market of Armenia to activate the digital transformation of business models, accelerating the technological development of the card segment towards the introduction of the latest payment instruments. This is stated in the latest (#27) analytical bulletin of ArmInfo "Armenian banks in the card business" published recently. >>> |
Thursday, June 22 2023 16:50
ArmInfo. If we look at the structure of the financial sector in Armenia, then banks are predominant, and our citizens do not have enough opportunities in the context of investment and savings. Armen Nurbekyan, Deputy Governor of the Central Bank of Armenia, said during the initial public offering (IPO) of the Team Telecom Armenia telecommunications company. >>> |
Thursday, June 22 2023 16:49
ArmInfo.The Armenian government provided an additional interstate loan to the government of Nagorno-Karabakh in the amount of 2.9 billion drams. The decision was made on June 22 at a government meeting. >>> |
Wednesday, June 21 2023 11:35
ArmInfo.President of the Republic of Armenia Vahagn Khachaturyan met with the businessmen of the Eastern Committee of the German Economy at the Embassy of the Republic of Armenia in Berlin, the RA presidential office reports. >>> |
Monday, June 19 2023 16:05
ArmInfo.Ardshinbank has introduced two service packages tailored for individuals who value personalized banking services. These packages offer favorable terms and a range of benefits to enhance the banking experience for individual clients. >>> |
Expert on Armenia`s international trade growth against "miserable trade pattern" 
Expert: Armenia should use Georgian, Turkish transit opportunities
Gevorg Mantashyan: High-Tech Ministry makes consistent efforts for emergence and progress of startups in Armenia
Bank of Georgia announces proposed acquisition of Ameriabank for $303.6 million