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Daily Archives: Jun 7, 2010

Competition Among Corporate Clients in Armenia Intensifying Because Of Liquidity Surplus

Banks
Liquidity surplus has triggered unprecedented intensification of competition among corporate clients in Armenia.

Asatryan: Economic Growth in Armenia Expected To Reach 4 Or 5% In 2010

Banks
Bagrat Asatryan, former chairman of the Central Bank of Armenia, thinks economic growth in Armenia will reach 4 to 5% in 2010.

Assets of VTB Bank (Armenia) Reach AMD 125.6 Billion by Late March

Banks
Assets of VTB Bank (Armenia) have grown 5.6% since late 2009 and reached AMD 125.6 billion by late March 2010.

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Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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%).

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