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Daily Archives: Feb 26, 2010

Ameriabank official says dram to lose its value this year

Banks
Tigran Jrbashian, Ameriabank’s development director, said today Armenia’s national currency, Dram, will be losing its value throughout the year.

Time deposits in Ameriabank grow 2.6 times in 2009

Banks
Time deposits in Ameriabank grew 2.6 times or by AMD 258.7 in 2009, the press office of the bank said on Thursday.

World bank approves US$7 million sif project for Armenia

Banks
The World Bank’s Board of Executive Directors approved February 25 a US$7 million equivalent loan to Armenia as part of the Social Investment Fund III Project Second Additional Financing.

World Bank approves US$5 million loan for social protection in Armenia

Banks
On Thursday, the World Bank’s Board of Executive Directors approved a US$5 million loan for the Additional Financing for the Armenia Social Protection Administration Project (SPAP)

Commercial banks’ efforts to rid Armenia from economic crisis should be more vigorous

Banks
Commercial banks’ efforts to rid Armenia from the economic crisis should be more vigorous.

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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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