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USD: 396.58 RUB: 4.04 EUR: 413.36 GEL: 140.63 GBP: 497.27
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Daily Archives: Feb 14, 2011

Armenia’s crediting organizations post 12.5% rise in net profits last year

Loans
Armenia’s crediting organizations’ net profits swelled last year by 12.5% from 2009 or 538.7 million Drams to 4.8 billion Drams.

Global imbalances back, IMF Managing Director warns

Economy
Global imbalances back, IMF Managing Director Dominique Strauss-Kahn warns.

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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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