Non-cash plastic transactions continue to gain momentum; 30% threshold in total volume has already been passed
Wednesday, November 24 2021, 14:28
ArmInfo. In Armenia, the total volume of plastic transactions slowed down the y-o-y growth from 32.5% in 9 months of 2020 to 21.6% in 9 months of 2021, amounting to 2.3 trillion AMD (including transactions abroad with cards of Armenian issuing banks). This is evidenced by the data of the RA Central Bank.
Tuesday, November 23 2021, 17:10
"Amundi-ACBA Asset Management" company will allocate 10 thousand euros to study the strategy of introducing a social housing system in Armenia
Tuesday, September 28 2021, 20:11
ArmInfo."Amundi-ACBA Asset Management" company and the RA Ministry of Labor and Social Affairs signed a memorandum of cooperation. As noted in the message of the company, within the framework of cooperation "Amundi-ACBA Asset Management" from its profits will provide 10 thousand euros for the study of the strategy of introducing a social housing system in Armenia.
Friday, June 25 2021, 17:57
ArmInfo. Chief Executive Officer of ACBA-CREDIT AGRICOLE BANK Hakob Andreasyan was awarded the French National Order of Merit. On behalf of the President of France, the award was presented to the head of the Bank by the Ambassador Extraordinary and Plenipotentiary of France to Armenia Jonathan Lacote.
Tuesday, May 11 2021, 13:08
ArmInfo. By April 1, 2021, there were over 2.5 million cards in the plastic market of Armenia, with a slowdown in y-o-y growth to 3.5% from 20.8% in the same period of 2020. And most of them are debit and payment cards - 50.5% and 40.2%, respectively, and credit accounts for only 9.3%, but annual growth is observed in debit cards (by 13%), while settlement and credit in decline (by 4.7-4%). This is evidenced by the data of the RA Central Bank.
Monday, April 19 2021, 14:56
Arsen Bazikyan: In Armenia, the leasing regulation is transferred from the contractual to the legislative field
Thursday, August 6 2020, 19:35
ArmInfo. In Armenia, during implementation of leasing agreements, organizations previously used different approaches, but from now on, thanks to changes in the Civil and Tax Codes, a common methodology will be in effect, which will allow transferring the regulation of the sector from the contractual to the legislative field. Arsen Bazikyan, Co-Founder & CEO at Armenian Leasing Company, stated this at a press conference on August 6.
Thursday, August 6 2020, 12:27
ArmInfo. In Armenia, the share of non-cash card transactions remained at the level of 30% in the total volume of plastic transactions by July 1, 2020. But the y-o-y growth in the volume of non-cash card transactions slowed down from last year's 48% to the current 38%, amounting by the results of the first half of this year to 351 billion drams ($ 728 million). The preservation of the share, despite the slowdown in volumes, is due to the activity of Internet commerce, the popularization of mobile and web applications by banks and Armenian Card, and such effective measures to encourage non-cash transactions as CashBack. According to the data of the Central Bank of the Republic of Armenia, five years earlier (H1 of 2015), the share of non-cash transactions in the total volume of plastic transactions was 12%, and by July 1, 2019 it had reached 24%.
It is very important for the Armenian economy to develop the adaptive capacity of the business sector in the new situation
Tuesday, August 4 2020, 20:19
Expert: Investing in the economy through pension funds will create favorable launch environment in the post-crisis period
Wednesday, July 22 2020, 17:45
ArmInfo. "I do not think that the pension reform is untimely, since today the share of citizens in terms of social payments accounts for only 2.5%," Vigen Shahnazaryan, a leading expert of the Financial System Regulation Department of the Central Bank of Armenia, said during a conference initiated by the Club of Economic Journalists of Armenia.
Monday, July 20 2020, 18:51
ArmInfo. In the H1 of 2020, the banking system of Armenia allocated 26.7 billion drams or $ 55.4 million to the state treasury through taxes, which is 9.2% lower than the indicator a year ago. Of this amount, over 86.5% or 23.1 billion drams was paid under direct taxes (including income tax and tax on profits), with a y-o-y decline of 17.5%. According to the data of the RA State Revenue Committee, in the total volume of payments of 1000 large taxpayers in Armenia, the share of 17 banks is 5.4%.
ACBA-Credit Agricole Bank attracts USD 20 mln loan from EBRD to finance enterprises affected by COVID-19
Thursday, June 25 2020, 15:50