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Daily Archives: Sep 20, 2011

CEO: HSBC Bank Armenia resumes serving VISA и MasterCard

Banks
HSBC Bank Armenia has resumed serving Visa и MasterCard in its ATMs as a part of the $1-million software-updating project, Astrid Clifford, CEO of the bank, said Monday at a news conference.

Ameriabank main partner of Armenia-Diaspora forum

Banks
Ameriabank is the main partner of the fourth Armenia-Diaspora Forum that kicked off in Yerevan September 19, the bank said in a press release.

Armenia’s monetary base drops by more than 6 billion drams in September

Banks
Armenia’s Central Bank said today the country’s monetary base has dropped by more than 6 billion drams (or 1%) in September to around 587 billion drams.

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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.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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