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.

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. 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. According to the results of 9 months of 2019, the net profit of the banking system of Armenia amounted to 60.9 billion drams or $ 128 million. The annual  growth of this indicator slowed down to 17.7% from last year's 81.3%.  According to the Express Ranking of Banks of Armenia prepared by  ArmInfo IC as of September 30, 2019 for the Q3 alone net profit  growth turned out to be meager - 0.8%, which is nevertheless better  than the dynamics of the same quarter of last year, when a decline of  6.9% was recorded.

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. The 5th anniversary was  celebrated by the Amundi-ACBA- Asset-Management pension fund,  established in Armenia by ACBA-Credit Agricole Bank and French  company AMUNDI. According to the press service of Bank ACBA-Credit  Agricole, Amundi-ACBA- Asset-Management manages assets of more than  95 billion drams under the management of Amundi-  ACBA-Asset-Management.In connection with the 5th anniversary,  Amundi-ACBA-Asset-Management intends, with a three-year profit, to  send 40,000 euros for the implementation of cultural and educational  programs to the French University of Armenia and the TUMO Center for  Creative Technologies.Chief Executive Officer of the French company  AMUNDI, Bernard de Wit, said: "Armenia is the first country in the  region that adapted this system and initiated a similar approach in  pension reform. It was quite attractive, so we decided to get  involved in this process and ensure Armenia's exemplary status of the  country in pension reform plan. Other countries in the region have  shown interest in the Armenian accumulative pension system, and in  this context the country is becoming an example. 

ArmInfo. Armenian Prime Minister  Nikol Pashinyan met on May 20 with the Deputy Chief Executive Officer  of AMUNDI Company Bernard de Wit, and the delegation headed by him.  Note that the French company "AMUNDI" is the main shareholder of the  pension fund CJSC "AMUNDI-ACBA Aset Management". 

ArmInfo. On May 20, Vice Premier of  Armenia Mher Grigoryan at a meeting with a delegation of the French  company AMUNDI, which holds a 51% stake in the pension fund  AMUNDI-ACBA Asset Management, stated that the Government is ready to  expand the scope of cooperation.

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. 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%.

ArmInfo. Over the previous year, the corporate sector of the Armenian bond market grew by 3%, 31 issues totaling $ 151.9 million were placed.  In the public sector 11  placements were made at $ 512 million, the segment volume decreased by 61%, Cbonds reports.

ArmInfo.The banking system assets of Armenia accelerated growth in 2018, to 14% from 6.4% in 2017, reaching 4.964 trillion drams ($ 10.3 billion). According to  the Express Ranking of Armenian banks prepared by ArmInfo, in their  structure, credit investments and other loans crossed the mark of 3  trillion drams ($ 6.3 billion), with the acceleration of y-o-y growth  from 4% in 2017 to 19.2% in 2018.

ArmInfo. The total assets of the pension funds of Armenia by November 1, 2018 reached 147.2 billion drams, and their profitability in January-October increased by an  average of 6-7 percentage points.

ArmInfo. Since March 2019, in the Ararat, Armavir and Shirak regions of Armenia, a pilot agro-insurance program has started, risks of hail and frosts will be insured. This was announced on August 31 by Armenian Minister of Agriculture Artur Khachatryan.

ArmInfo. On the threshold of launching agricultural risk insurance in Armenia, y-o-y growth of banks' lending to the agricultural sector accelerated dramatically  from 0.9% to 7.4% by July 1, 2018.

ArmInfo.The level of non-performing loans (NPL) increased by 14% over year in the banking system of Armenia. This is evidenced by the data of the ''Financial ratings of commercial banks of Armenia'' analytical report prepared by the Agency of Rating  Marketing Information (ArmInfo) at the end of the first half of 2018.

ArmInfo.