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Daily Archives: Jan 13, 2011

HSBC Bank Armenia corporate customers can now effect cross-border trade settlements in Renminbi (Chinese Yuan)

Banks
HSBC Bank Armenia corporate customers can now effect cross-border trade settlements in Renminbi (Chinese Yuan)

Armenia’s foreign debt to grow to $3.8 billion in 2011 from current $3.38 billion

Economy
Armenia’s government foreign debt will grow to $3.8 billion by the end of 2011 from current $3.38 billion, according to Gagik Minasian, chairman of a parliament committee on financial-credit and budget affairs.

String of measures may be implemented this year to get prepared for IPO in subsequent years

Capital market
In an interview with ARKA, Nasdaq OMX Armenia stock exchange executive director Armen Melikian said a string of measures may be implemented this year to get prepared for IPO (initial public offering) in subsequent years.

ROSGOSSTRAKH paid the first compensation amounts of mandatory car insurance in 9 million drams

Insurance
On Wednesday, insurance company “ROSGOSSTRAKH ARMENIA” made the first compensation payments of Mandatory Car Insurance in the amount of 9 million drams.

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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%).

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.

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