ArmInfo.Converse Bank’s activities once again have been highly appraised by our international partner. Based on our activities in 2022, the Bank was awarded Visa’s ‘Visa Direct’ award for increased number of ‘card to card’ transactions via visa card and the speed, frequency and quality of our services.

ArmInfo. The Central Bank of Armenia continues to increase the premium to the capital adequacy ratio buffers- countercyclical capital buffer, the rate of which from  August 2023 will reach 1.5% of risk-weighted assets. As noted on the  official website of the Central Bank of Armenia, the purpose of  increasing the " countercyclical capital buffer is to support the  stability of the banking sector to systemic risks that have a high  probability of materialization.

ArmInfo. Armenia's government will facilitate employment in the country's textile  industry. Armenia's Deputy Minister of Economy Rafael Gevorgyan said that the  period from 2020 to 2030 is declared a period of industrial  production development.

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan held a meeting with representatives of Armenia's banks to discuss draft amendments to the Ra Civil Code.   The draft deals with replacement of money transfers to developers'  special accounts with letters of credit.  

ArmInfo.

ArmInfo. The construction organizations implementing subvention programmes in seven Armenian regions will receive AMD 1.412bln from Armenia's budget.  Armenia's  Minister of Territorial Administration and Infrastructure Gnel  Sanosyan reported that the funds will be directed to the Aragatsotn,  Gegharkunik, Lori, Kotayk, Syunik and Tavush regional administrations  as part of the government's commitments to co-finance subvention  programmes.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.FLYONE ARMENIA airline is making an unprecedented promotional offer: February 1 to 14, all those wishing can go on holidays in 19 directions, with  ticket prices from Euro 39 up. 

ArmInfo.On January 31 in Tehran, Armenian Deputy Prime Minister Mher Grigoryan and Iranian Vice President Seyyed Masoud Mirkazemi co-chaired a meeting of the  commission for monitoring the implementation of the agreements  reached during the 17th meeting of the Armenian-Iranian  intergovernmental commission.

ArmInfo. The Central Bank expects that the inflationary impact on the Armenian economy emanating from the external sector will weaken. Chairman of the  Central Bank of the Republic of Armenia Martin Galstyan stated this  on January 31 at a press conference.

ArmInfo.

ArmInfo. Inflationary pressure emanating from international commodity markets is easing at this stage.  Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan announced this on January 31 during a press  conference.

ArmInfo.Loan investments In the banking system of Armenia during 2022, if we exclude the effect of the exchange rate, increased by 15%, which was secured by  mortgages. And deposits in Armenian banks increased by 43%. Chairman  of the Central Bank of Armenia MartIn Galstyan announced this during  a press conference on January 31.

ArmInfo.There is one commonality for all regulators today - no one knows how to regulate the cryptosector well. On January 31, answering journalists'  questions, said the Chairman of the Central Bank of Armenia Martin  Galstyan.  He noted that this issue is being discussed in Armenia, in  particular, in the Central Bank, but it is too early to say that it  was possible to come to the final, most effective model for  regulating the cryptosector.

ArmInfo.The Central Bank of Armenia is considering the possibility of increasing the  countercyclical capital buffer (CCM) by 0.5%. Chairman of the Central  Bank of the Republic of Armenia Martin Galstyan stated this on  January 31 during a press conference.  In this regard, he stressed  that this issue was discussed at a meeting of the Board of the  Central Bank, and is now being discussed in the Ministry of Justice.  "I hope we will publish this decision soon," he stressed.

ArmInfo. Central The Bank of Armenia has left unchanged its economic growth forecast for 2023. As RA Central Bank Chairman Martin Galstyan noted at a press conference on January 31, this year Armenia's GDP growth will be 4.6% and the  main drivers will be construction, industry and services.

ArmInfo.By 2023, Armenia's gross international reserves (GIR) reached a historical maximum - $4.112 billion, having increased by 27.3% or $881.8 million over 2022  (against 23.5% growth in 2021), thereby exceeding the September  record level of $3.7 billion. The quarterly growth rate of gross  international reserves also accelerated markedly to 10% in Q4 from  8.4% in Q3.  This is evidenced by the data of the Central Bank of the  Republic of Armenia.