ArmInfo. The banking system of Armenia increased its net profit in the first quarter of 2020 by 40% per annum to 23.3 billion drams ($ 46.3 million), while a year earlier a subsidence of 17.4% was recorded.

ArmInfo.By April 1, 2020 the share of non-cash card transactions reached 30% of the total volume of plastic transactions in Armenia.

ArmInfo.As of March 16, the Central Bank of Armenia did not make any decisions on suspension of the work of branches of commercial banks of Armenia. This was  reported by the press service of the CBA.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) withdrew from the capital of INECOBANK by selling its share (23,002 shares or 12.6%) to the  majority shareholders Avetis Baloyan and Karen Safaryan. This is  evidenced by the information posted on the website of the Central  Bank of the Republic of Armenia on actual changes in the share  capital of INECOBANK.

ArmInfo. In Armenia, the number of plastic cards increased by January 1, 2020 by 18.1% per annum - up to 2.4 million units, against almost similar growth a year  earlier (by 18%). And the total volume of plastic transactions slowed  down the growth from 22.6% in 2018 to 21.3% in 2019, exceeding 2.3  trillion AMD. This is evidenced by the data of the Central Bank of  Armenia.

ArmInfo.Mher Ananyan, who has many years of experience in the financial and banking sector, has been appointed Chairman of the Board - Executive Director of  ARARATBANK.

ArmInfo. Armenia has a stable macroeconomic environment and a favorable investment environment, a good investment climate and high macroeconomic indicators.  President of the Black Sea Trade and Development Bank (BSTDB) Dmitry Pankin  expressed this opinion on February 10 at a press conference in the  Central Bank of Armenia.

ArmInfo. In 2019, the banking system of Armenia increased tax payments to the state  treasury by 7.7% - up to 54.6 billion drams ($ 114 million). Of this  amount, 94.5% or 51.6 billion drams were paid in direct taxes, with a  y-o-y growth of 23.8%.

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.

ArmInfo. Armbusinessbank was assigned the status of an agent of the primary government bonds market of Armenia. As reported by ArmInfo in the RA Ministry of  Finance, the decision to include Armbusinessbank in the list of  agents was adopted on November 15, 2019.

ArmInfo.Chairman of the Board of ARARATBANK since 2006, left Armenia. At a farewell meeting with reporters, he said that he had received an invitation from a  reputable international structure to take a certain position, which  he would report later.

ArmInfo. In January-September 2019, the banking system of Armenia sent 42.3  billion drams in taxes to the state treasury, which is 10% higher  than a year ago. Of this amount, 94.5% or 40 billion drams were paid  on direct taxes (including profit tax, income tax), with y-o-y growth  of 15.9%.

ArmInfo.In Armenia, the number of plastic cards accelerated growth in the first half of 2019 compared to the same period in 2018 from 15.7% to 18%, reaching 2.184  million. At the same time, the annual growth in the total volume of  plastic transactions slowed down to 19.3% in the first half of 2019  from 22.9% in the first half of 2018, amounting to 1.031 trillion  drams. This is evidenced by the Central Bank of Armenia.

ArmInfo.In the h1 of 2019, the banking system of Armenia sent 29.4 billion drams or about $ 62 million tax to the state treasury, which is 6.5% higher than the  indicator a year ago. Of this amount, over 95.2% or 28 billion drams  were paid on direct taxes (incl. profit tax and income tax), with an  YOYgrowth of 16.2%.

ArmInfo. In Armenia, the number of plastic cards increased in the Q1 of 2019 compared to the same period of 2018 by 17.3% to 2.094 million pcs, against a growth of 14.9% a year earlier. At the same time, the y-o-y growth of the total volume  of plastic transactions slowed down to 22.5% in the Q1 of 2019 from  27.2% in the Q1 of 2018, making 495.2 billion drams. This is  evidenced by the data of the Central Bank of Armenia.

ArmInfo.First Deputy Minister of Agriculture of Armenia Gegham Gevorgyan held a meeting on March 18 with the participation of representatives of a number of companies involved in milk processing.According to the press service of the  Ministry of Agriculture, Gevorkyan said that the purpose of the  Ministry is to develop the sphere, increase the competitiveness of  the local producer by quickly solving the tasks facing the producers. 

ArmInfo.  In the banking system of Armenia, the concentration of assets among the top five increased over 2013-2018 from 47.7% to 55.3%, although it decreased compared to  2017 by 0.1%.  Among the main assets are Ameriabank, Ardshinbank,  Armbusinessbank, ACBA-Credit Agricole Bank and INECOBANK.

ArmInfo.In Armenia, the loan limit for leasing equipment for processing agricultural production increased from 230 million drams to 450 million drams. The decision  was taken at the March 7 meeting of the RA government.

ArmInfo. According to the Central Bank of Armenia, by the end of 2018, the total volume of agricultural loans amounted to 136.2 billion drams ($ 282 million),  having increased by 3.6% over the past year.

ArmInfo. In 2018, the banking system of Armenia increased tax payments to the state  treasury by 21.2% to 48.6 billion drams ($ 100.5 million). Of this  amount, 91% or 44.2 billion drams were paid in direct taxes, with a  y-o-y growth of 23.8%.