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Daily Archives: Sep 29, 2011

Financial authorities should revise their views on external debt

Economy
In an interview with ARKA news agency Harutyun Mesrobian, a management expert, shares his views and thoughts about whether Armenia is threatened by the second wave of the crisis.

ACBA-Credit Agricole Bank starts issuing American Express Blue Plastic cards

Banks
ACBA-Credit Agricole Bank starts issuing American Express Blue Plastic cards.

Mid-market rate of Armenian dram to us dollar is 371.35 for $1 on September 29, 2011

Exchange market
Mid-market rate of Armenian dram to us dollar is 371.35 for $1 on September 29, 2011.

Armenian crediting organizations assets grow by 1.3% in July to 104.9 billion drams

Loans
Armenian crediting organizations assets grow by 1.3% in July to 104.9 billion drams.

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Latest news

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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