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Daily Archives: Feb 20, 2010

Small and medium entrepreneurship development national center fund, approved 296 million drams worth credit guarantees last year

Economy
In an exclusive interview with ARKA, Ishkhan Karapetyan, executive director of Small and Medium Entrepreneurship Development National Center Fund, said some 296 million Drams worth credit guarantees were approved for 57 SME companies last year, while its overall credit commitments amounted to 640 million Drams.

Ten Armenian commercial banks ready to join new mortgage lending scheme

Banks
Ararat Ghukasian, chairman of the Association of Armenian Banks, said today 10 Armenian commercial banks said they are ready to join a government-backed program aimed at spurring the mortgage lending in the country.

Procredit bank introduces single utilities payment system

Banks
Armenian ProCredit bank said it has introduced a single Utilities Payment system and all citizens living or working near a bank branch may drop in to pay their utilities.

Some $50.8 million bought by Armenian commercial banks at intrabank forex market february 15- 19

Banks
A total of $50.8 million was bought by Armenian commercial banks at intrabank forex market in a time span between February 15- 19 at average weighted exchange rate of 380.61 drams per one USD, the Central Bank of Armenia said to ARKA.

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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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