Non-cash bank card transactions show unprecedented growth for the second year in a row Thursday, December 12 2019 19:57:00
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 ArmInfo. For the second year in a row, an unprecedented growth has been recorded in the bank card market of Armenia. According to the Central Bank of the Republic of Armenia, according to the results of 9 months of 2019, as in the same period of the past, the growth of non-cash payments amounted to about 48% per annum. |
Thursday, December 12 2019 19:24
ArmInfo. In Armenia, the number of plastic cards increased by October 18, 2019 by 18.4% per annum - up to 2.283 million units, against an increase of 17.9% a year earlier. And the total volume of plastic transactions, almost repeating the pace of last year (24.5% for 9 months of 2018), grew by 24% per annum for 9 months of 2019, exceeding 1.7 trillion drams. This is evidenced by the data of the Central Bank of Armenia. >>> |
Thursday, December 12 2019 15:38
ArmInfo.For the implementation of the second program of social efficiency and financial markets, the Asian Development Bank will provide a loan of 36.5 million euros to Armenia. At an extraordinary meeting on December 12, the Armenian parliament discussed the draft agreement with the Bank submitted by the government of the country. >>> |
Thursday, December 12 2019 14:08
ArmInfo.German KfW Bank will provide Armenia 40 million euros for work done in the field of nature protection. At its meeting on December 12, the National Assembly of the Republic of Armenia discusses the agreement with the Bank submitted by the Government of the Republic of Armenia. >>> |
Thursday, December 12 2019 13:53
ArmInfo. 2019 will be the last year to attract credit under budget assistance. On December 12, Deputy Minister of Finance of Armenia Armen Hayrapetyan stated this from the rostrum of the National Assembly of the Republic of Armenia. >>> |
Thursday, December 12 2019 13:52
ArmInfo.The World Bank represented by the International Bank for Reconstruction and Development (IBRD) will provide Armenia a loan of $ 45.8 million to finance the country's state budget deficit in 2019. At a meeting on December 12, the country's parliament began discussions on an agreement with the Bank. >>> |
Thursday, December 12 2019 13:47
ArmInfo. As of October 10, the Armenian government placed in the Central Bank of the country 272 billion drams. RA Deputy Minister of Finance Armen Hayrapetyan stated on December 12 from the rostrum of parliament. >>> |
Wednesday, December 11 2019 19:54
ArmInfo. On December 11, Armenian Prime Minister Nikol Pashinyan received the World Bank Regional Director Sebastian Molineus. The meeting was also attended by the head of the WB Armenian office, Silvi Bosutkho. >>> |
Wednesday, December 11 2019 16:40
ArmInfo. Ardshinbank December 16 this year will begin the initial placement of non-documentary coupon dollar bonds in the amount of $ 5 million. As evidenced by the emission prospectus posted on December 11 on the Central Bank's website, 50 thousand bonds with a par value of $ 100 each, with a coupon yield of 5.25% and a periodicity of payment of times are provided to the quarter. The maturity date of the bonds of this issue is dated March 16, 2022. >>> |
Tuesday, December 10 2019 21:04
ArmInfo. By November 2019, the banking system of Armenia even more accelerated the annual growth in retail lending - up to 36.3%, which was largely due to the high activity of consumer lending, including mortgages, whose share reached 27.5%, thanks to an increase of almost 40 % According to the Central Bank of Armenia, from 2018 to November, the current growth rate of consumer lending from 11.1% jumped to 30.9%. >>> |
Tuesday, December 10 2019 19:55
ArmInfo. The cooperation of Armenia with the Asian Development Bank (ADB) is complex and multifaceted. This was announced on December 10 by Deputy Prime Minister Mher Grigoryan during a meeting with the newly appointed director of the ADB Armenian office Paulo Spantigati. >>> |
Tuesday, December 10 2019 19:34
ArmInfo.By Andrew Connell >>> |
Tuesday, December 10 2019 18:51
ArmInfo.The central bank kept the refinancing rate at 5.5%. As the Central Bank of Armenia press service told ArmInfo, this decision was made on December 10 at a meeting of the Central Bank Council. >>> |
Tuesday, December 10 2019 15:49
ArmInfo. On December 10, Armenian Minister of Finance Atom Dzhandzhugazyan received a delegation led by the head of the Armenian mission of the International Monetary Fund (IMF) Nathan Porter. >>> |
Friday, December 6 2019 20:02
ArmInfo. The delegation of the Central Bank of the Republic of Armenia, headed by Central Bank Chairman Arthur Javadyan, went to Vienna to participate in a meeting of the Council of Program Observers of the German-Armenian Fund, operating jointly with the German Development Bank KfW. >>> |
Friday, December 6 2019 17:11
ArmInfo. The Central Bank of the Republic of Armenia intends to introduce new regulation to contain risks associated with an increase in consumer lending. On December 6, Nerses Yeritsyan, Deputy Chairman of the Central Bank of the Republic of Armenia, stated this from the parliamentary tribune. According to him, this does not concern the containment of growth in consumer loans, and it is about risk management. >>> |
Friday, December 6 2019 13:57
ArmInfo.The customer base of Armenian banks totaled 2.843.868 individuals and 96.035 legal entities by October 2019. According to the Central Bank of >>> |
Thursday, December 5 2019 12:20
ArmInfo.In Armenia, the terms of the law on financial equalization will be extended by two of the year. >>> |
Wednesday, December 4 2019 18:06
ArmInfo. VTB Bank (Armenia) has improved the conditions for obtaining a mortgage loan. As ArmInfo was told in the press service of the bank, prepayment starting from 3%, annual interest rate from 3.5% to 13.7%, effective interest rate from 6-15%, loan repayment period from 3 years to 30 years , loan amount - from 1 million to 80 million drams. As a result customers can easily become happy owners of real estate, both in Yerevan and in the regions of Armenia. In addition, to obtain a mortgage, the solvency requirements of customers are eased and a minimum package of documents is required. >>> |
Tuesday, December 3 2019 20:25
ArmInfo. "Agency of Rating Marketing Information" (ArmInfo IC) published and provided its subscribers with a jubilee, hundredth, informational and analytical quarterly newsletter "Financial Ratings of Armenian Banks". "This is commensurate with ArmInfo's 25 years of presence in the country's financial analytics market," ArmInfo CEO Emmanuil Mkrtchyan said. >>> |
Tuesday, December 3 2019 16:50
ArmInfo.Ardshinbank offers “Jerm Ojakh” loan aimed at energy-efficient home renovation. The loan is provided without collateral with a maximum 3 million loan amount. The main condition for the borrowers is that at least the 40% of the loan amount must be spent on energy efficiency measures and equipment. However, the borrower receives up to 15% bonus from the loan amount. >>> |
Analysts Opinion on Central Bank Report 
Mining Industry as a Fanciful Game of Cats-and-Mice
Tigran Khachatryan: Attracting several transnational investors to Armenia will allow the country to start playing for high stakes
During the first 5 years, the agricultural insurance market in Armenia will operate at a loss
Artak Kamalyan: Education is the key to success. Everything else is of secondary importance
Head of PSRC: Whatever the agreement, the domestic tariff is dependent on the price at the border
IMF: Armenia needs to achieve sustainable inclusive growth
Artur Atoyan: Problems of fish farmers are solved by the communist method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in return for investments is rather rhetorical
Former head of the Ministry of Finance: 
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation approaches do not change
Russian processing company "MultiCarta" discussed cooperation opportunities with Yerevan Municipality in the transport sector
$ 270 Million to be invested in the construction of the first skyscraper in Yerevan
The AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL ARMENIA Foundation is the partner
Forecast: Armenia has good prospects for expanding its presence in the Polish market
Armenian government`s delegation headed by Prime Minister will take part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic growth
Forecast: Electricity exports to the Middle East through Iran are a key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia, CMTPL loss ratio increased up to 64.5% in Q1 2019
Overdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of development programs implementation in Armenia
Converse Bank offers online loans at a low effective interest rate
Renco company will attract additional shareholders and partners to the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle signed in Yerevan
Veolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a loan in seconds.
By the end of 2018, "Galburdjian Group" will launch the production of sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources, rather than small hydropower stations
Investment forum "Energy Week 2018" to be held in Armenia