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Daily Archives: Feb 18, 2011

Eight insurance companies post 515.4 million drams in net losses in 2010

Insurance
Armenia’s eight insurance companies posted 515.4 million Drams in net losses in 2010 against almost one billion Drams in net profits earned in 2009.

It may take 2-3 years for economy to recover to before-the-crisis level; Central Bank ex-governor

Economy
A former governor of Armenia’s Central Bank said today it may take the country’s economy from 2 to 3 years to recover to before-the-crisis level

Growth Rates Of Earning Indicator From The Sale Increased By 21.8% In December In A Number Of Large Armenian Companies

Economy
Growth rates of earning indicator from the sale of a number of large Armenian enterprises increased by 21.8% making 239.5 billion drams in December versus 2009.

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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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