Performance is likely to remain strong, provided interest rates and immigration remain high
Central & eastern Europe
Latest articles from Armenia
Armenia’s future increasingly influenced by immigration
April 18, 2024Closer alignment with the EU is set to boost economic prospects further
Caucasus banks benefit from Russian outflows
July 19, 2023Lenders in the Caucasus region have benefited from the turmoil resulting from Russia's invasion of Ukraine, while questions remain regarding Turkish banks as the new central bank governor and finance minister are appointed.
NII continues to grow at Armenian banks
October 20, 2021At Ardshinbank, the country’s second largest bank by assets, net interest income rose 20% last year.
Armenia PM targets public-friendly reform
January 3, 2017Armenian prime minister Karen Karapetyan wants his government to create an environment that welcomes creative and entrepreneurial minds. But, as he tells Courtney Fingar, he is also determined to ensure that the country’s population is on board with whatever changes lie ahead.
Armenia finance minister seeks to move on from macro stability
January 3, 2017Since 2014, Armenia has had to contend with currency depreciation, tumbling remittances and the impact of tensions between Russia and Europe. Finance minister Vardan Aramyan tells Courtney Fingar that now the country has achieved macro stability, it is planning micro-level reforms.
Armenian banks braced for difficult year
July 1, 2015Stringent capital requirements set by the Central Bank of Armenia will test many of the country's banks, which are already struggling in a slowing economy. But for those that already meet the new standards, the opportunities arising from possible consolidation could provide a much-needed avenue to growth.
Top Black Sea banks ranking, 2014: Asset quality risks rising
May 1, 2014Several of the members of the Organisation of the Black Sea Economic Co-operation are facing rising asset impairment, but the reasons vary.
Mixed blessings of foreign ownership for Black Sea banks
May 1, 2012Levels of foreign ownership vary widely among the banks of the eastern Black Sea countries. While foreign-owned banks went too far, too fast before the crisis, they may be more resilient than locally owned players in a downturn.
Armenia takes a gradual approach to reform
September 1, 2011Armenia’s finance minister and former central bank vice-president Vache Gabrielyan is focusing on maintaining the country on its path of recovery, controlling inflation and starting a reform of its pension system.