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Daily Archives: Feb 22, 2011

Per-employee profit at Armenian banking system averages amd 3,729,000 in 2010

Banks
Per-employee profit at Armenian banking system averaged AMD 3,729,000 (about $10,000 at $1 = AMD 373.66 exchange rate) in 2010.

Areximbank-Gazprombank group hosts the first group of children of bank’s employees

Banks
Areximbank-Gazprombank Group hosted today the first group of children of the bank’s employees at its head office for a familiarizing excursion around its premises, Elena Markova, an aide to the Bank’s CEO said, adding that the first try was quite successful.

Armenian banks’ lending to industry increases 18% in Q4, 2010

Banks
Armenian banks’ lending to domestic industry increased 18% in the fourth quarter of 2010 to a total of 198.8 billion 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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