Friday, May 3 2024, 18:22
ArmInfo.Businesses in Armenia will have more opportunities to invest in green technologies thanks to a US$ 10
million (EUR 9.3 million) loan, which the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing to Inecobank for on-lending to corporates and small and medium-sized enterprises (SMEs) for green investments. This is stated in the official statement of the EBRD.
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Friday, April 26 2024, 16:33
ArmInfo. In Q1 2023, the banking system of Armenia increased tax contributions to the state treasury by 8.3% per annum - up to 22.2 billion drams ($56.5 million). Of this amount, 85.2% or 18.9 billion drams were paid in direct taxes, with a y-o-y increase of 7.4%.
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Friday, March 29 2024, 15:16
ArmInfo. Armenia's Ministry of and Social Affairs has released a list of banks participating in a 10%
cashback programme for pensioners.
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Friday, January 26 2024, 21:03
ArmInfo. In 2023, the banking system of Armenia doubled tax payments to the state treasury - up to AMD 123.5bln ($305 million), of which AMD 71.5bln were for direct taxes (with an annual increase of 39.7%).
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Thursday, October 26 2023, 18:01
ArmInfo.The banking system of Armenia in Jan-Sept 2023 sent 111.8 billion drams or $284.1 million to the state treasury through taxes, which is 2.4-fold higher than the year-ago. Of this amount, 91.1% or 101.9 billion drams were paid for direct taxes (including profit tax and income tax), with an increase of 2.6-fold over the year, according to the data from the State Revenue Committee.
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Wednesday, October 18 2023, 20:18
ArmInfo. Armenian banks are reviving their credit policy after "resting on immigrants' laurels".
This must be done quickly and competently in order to maintain profit growth and avoid its serious decline.
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Monday, October 9 2023, 16:06
ArmInfo.The EFES Insurance CJSC has de facto returned to the Armenian market. Having registered with
the Central Bank at the end of July this year, EFES Insurance CJSC managed to establish partnerships with six banks and the largest leasing company in Armenia as well as with a number of travel agencies, by October. In total, 51 organizations already act as insurance agents of EFES, including ACBA Bank, Converse Bank,
Araratbank, Evokabank, Inecobank, Byblos Bank and ACBA Leasing.
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Wednesday, July 26 2023, 17:04
ArmInfo.At the end of H1 2023 two Armenian banks, Ameriabank and Ardshinbank entered the TOP-5 of the list of 1000 largest taxpayers in Armenia, ranking 4th and 5th, respectively, in annual terms (from 18th and 24th in H1 2022). This is evidenced by the data of the State Revenue Committee of Armenia.
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Thursday, July 20 2023, 16:13
ArmInfo. The profit growth rates of Armenian banks slowed down significantly amid the ongoing serious slowdown in lending to the economy. Thus, the net profit of Armenian banks increased by 24.8% per annum inH1 2023 (against a 2.8-fold jump in the same period in 2022), reaching 73.6 billion drams ($367.8 million), while slowing down strongly in quarterly growth from 3.4-fold to 5.2% alone.
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Thursday, April 20 2023, 14:21
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Friday, April 14 2023, 15:11
ArmInfo. As part of the EU4Business initiative the EU launched in Armenia in July 2021, the European Bank for Reconstruction and Development (EBRD) and Armenian
financial institutions signed EUR 30mln credit lines, Lilit Gharayan
Team Leader EU4Business- EBRD Credit Line Armenia, said at the forum
entitled "EU4Business-EBRD Credit Line in Armenia - Impact to date
and Way Ahead" on April 14.
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Saturday, January 21 2023, 23:58
ArmInfo.Armenian banks' net profit totaled AMD 263bln ($668mln) last year - a 3-fold growth in 2022 due to an unprecedented 4-fold increase in noninterest incomes.
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Wednesday, November 30 2022, 16:57
ArmInfo.Deputy Prime Minister Mher Grigoryan received Regional Director of the European Bank for Reconstruction and Development (EBRD) for the Caucasus,
Moldova and Belarus Catarina Bjorlin Hansen.
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Tuesday, October 11 2022, 15:47
ArmInfo. The European Bank for Reconstruction and Development will provide a $4 million loan to HSBC Bank Armenia, the EBRD said in an official statement. It is noted that $3 million will be provided directly by the EBRD and $1 million by the Green
Climate Fund (GCF) under the Regional Green Economy Financing
Facility (GEFF).
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Wednesday, August 10 2022, 12:26
ArmInfo. As of July 1, 2022, over 2.8mln plastic cards were effective in Armenia, including co-badging cards ArCa-MIR and Russian MIR cards, with a slower increase - from 8.3% to 7.7% - which is lower than the 9.1% increase in the corresponding period of 2020 and must lower than the 22.2% increase in 2019. In the first half of 2022, 95,600 more cards were issued, with 67,400 cards issued in the 2nd quarter. The cause is the relocation of the capital to Armenia by a larg number of Russian residents.
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Wednesday, April 20 2022, 16:32
ArmInfo.The banking system of Armenia in Q1 2022 increased tax deductions to the state treasury by 4.5% per annum - up to 12.8 billion drams ($26.3 million), against a
decrease of 3.2% a year earlier in the same period. 77.2% or 10.6
billion drams of this amount was paid in direct taxes, with a y-o-y
increase of 8.2% (against a 12.5% decline a year earlier).
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Tuesday, January 25 2022, 17:15
ArmInfo. The banking system of Armenia for 2021 increased tax deductions to the state treasury by 6.3% - up to 52.2 billion drams ($108.8 million). Of this amount, 87.2% or 44.7 billion drams was paid in direct taxes, with a y-o-y growth of 4.4%.
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Tuesday, January 25 2022, 16:31
ArmInfo. Armenian banks managed to improve the dynamics of net profit in 2021 with a 54% growth (from a 22.3% decline in 2020). In absolute terms, the total profit of the system amounted to 87.3 billion drams or $181.8 million.
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Thursday, December 16 2021, 13:08
ArmInfo.INECOBANK has resumed issuing its bonds after a two-year break - this is a tranche of 2 billion drams. This is indicated in the prospectus of this issue posted on the website of the Central Bank of the Republic of Armenia, according to which the initial placement started on December 16, 2021 and is scheduled for completion on March 16, 2022.
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Thursday, October 21 2021, 11:56
ArmInfo. In January - September 2021, the banking system of Armenia sent 40.9 billion drams or $ 84.5 million to the state treasury through taxes, which is 7.6%
more than a year ago.
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