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Daily Archives: Jan 26, 2011

175,000 money transfers operated by VTB Bank (Armenia) in 2010

Banks
In 2010, VTB Bank (Armenia) operated 175,000 money transfers totaling AMD 30 billion, Artak Khachatryan, director of the bank’s retail business development department, said Wednesday at a news conference answering the question ARKA News Agency correspondent put to him.

Armenian finance ministry, WB Yerevan office sign three loan agreements

Banks
On Tuesday, Jean-Michel Happi, head of the World Bank’s office in Yerevan, signed three loan agreements with Vache Gabrielyan, Armenian finance minister, as part of the credit package of the 2009-2012 policy of strategic partnership with Armenia, the finance ministry’s press office reports.

Byblos Bank Armenia committed to improve the quality of its services

Banks
Byblos Bank Armenia emphasized today in a press release the assessment it received from the Office of the Financial Ombudsman.

ASHIB chooses best branch and best staff for 2010

Banks
Armenian Ardshininvestbank has chosen the best branch and the best staff in 2010 in various categories, the bank told ARKA.

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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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