Latest articles from Armenia

NII continues to grow at Armenian banks

October 20, 2021

At Ardshinbank, the country’s second largest bank by assets, net interest income rose 20% last year.

Screenshot 2021-10-20 at 10.32.17
Karen Karapetyan teaser

Armenia PM targets public-friendly reform

January 3, 2017

Armenian 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.

Vardan Aramyan teaser

Armenia finance minister seeks to move on from macro stability

January 3, 2017

Since 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

Armenian banks braced for difficult year

July 1, 2015

Stringent 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, 2014

Several 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, 2012

Levels 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.

Vache Gabrielyan, finance minister, Armenia

Armenia takes a gradual approach to reform

September 1, 2011

Armenia’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.

Armenia's agriculture sector

Armenia's banking caution looks set to pay off

September 1, 2011

Although the global financial crisis led to a significant contraction in the Armenian economy, the country’s banks were largely unaffected by the turmoil. With low banking penetration and regulation that is both progressive and cautious, the future for these institutions looks bright.

Ukraine, Kazakhstan and Belarus dominate CIS banking landscape

May 4, 2011

In the past decade, foreign investment and natural resources wealth have transformed the banking landscape in the Commonwealth of Independent States (CIS). The Banker's latest ranking for the region shows which countries have benefited the most from this change.

The quiet success story

September 3, 2007

Under the oversight of the central bank, Armenia has boomed and now foreign banks are circling for a piece of the action. Ben Aris reports.

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