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Daily Archives: Feb 11, 2010

Armenian Bless universal credit organization’s credit portfolio grows 35% to amd 2.507 million in 2009

Loans
Bless Universal Credit Organization’s credit portfolio grew 35% in 2009, compared with 2008, Hayk Stepanyan, executive director of the credit organization, said in an interview with ARKA News Agency.

Adverse impact of crisis on armenian credit market to continue in 2010

Economy
The financial crisis has affected the domestic lending market and also Bless Universal Credit Organization, Hayk Stepanyan.

Iran suggests establish joint Armenian-Iranian bank

Banks
Amir-Mansour Borqei, Head of Department of Economic Relations of Iranian Ministry of Foreign Affairs suggested to establish joint Iranian-Armenian Bank, informs tehrantimes.

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Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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