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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ArmInfo. On December 1, Ameriabank will begin the initial placement of the next tranche dollar  nominal,  coupon-non-documentary bonds with an  issue volume  of $10 million.

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. 

ArmInfo.Gross savings (investments) of Armenia by July 2022 rose by 51%. Armenian Minister of Economy Vahan Kerobyan stated this in a conversation with  journalists on the sidelines of an event dedicated to the 15th  anniversary of the Investment Council of Armenia (ICA) in Armenia.

ArmInfo. In January-October 2022, Armenia increased the public debt by 9.1% or $837.5 million - up to $10 billion 063.2 million. At the same time, as a result of the  revaluation of the national currency (in January-October, the dollar  depreciated against the dram by almost 20% - from 480 to about 395  drams per $) the state debt in dram terms decreased by 10.1% or 449.3  billion drams - up to 3 trillion 380.3 billion drams.

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ArmInfo. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022.  According to the data, the total net profits of the banks showed a  2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the  current exchange rate. 

ArmInfo.This January-September 2022, Armenia's national debt increased by AMD $705.9 or by 7.7%, up to $9,963.6mln. AMD appreciation (15% USD depreciation against the  AMD this January-September - AMD 480/$1 to 405/$1) caused a 9%  decrease in Armenia's national debt or by AMD 398.1bln, down to AMD  4,031.5bln. 

ArmInfo. This year, GDP per capita in Armenia will exceed $6,000, Armenian Minister of Economy Vahan Kerobyan told ArmInfo on the sidelines of the first anniversary  event of the opening of a representative office of the Symbiotics  international investment company in Armenia.

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).

ArmInfo.A leading index provider and data source of independent credit ratings Standard&Poors (S&P),  has kept Armenia's sovereign rating at "B+" and "B" for  issuing long-term and short-term liabilities in foreign and national  currencies, with a stable outlook.

ArmInfo.Armenia's government is working to develop the country's economic potential, Minister of Economy Vahan Kerobyan said in an interview with CivilNet. 

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ArmInfo.Armenia will close this year with an economic growth of 11%-12% against the budgeted 7%, Armenia's Minister of Finance Tigran Khachatryan stated on Thursday  as he presented the 2023 draft budget. 

ArmInfo. The Central Bank of Armenia forecasts a slowdown in GDP growth in 2022-2023 from 12.9% to 4.4%, and a decrease in inflation from 10.3% to the target 4%.  This  is noted in the Monetary Policy Program (MPP) of the Central Bank for  the third quarter of 2022, published at the end of September.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its 2022 GDP growth forecast for Armenia from the previous 4.5% to an updated 8%,  thereby expecting more sustainable growth.

ArmInfo.As a result of the cooperation between Acba bank and European Bank for Reconstruction and Development (EBRD) USD 25 million will be directed at the development of Armenia’s economy  through financing micro, small and medium enterprises, as well as companies led by women. Financing will be provided via Armenian drams or U.S. dollars.