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Daily Archives: Jul 3, 2012

Armenian Card: Failure in atms’ operation eliminated

Banks
Armenia’s national payment system Armenian Card (ArCa) said today it has eliminated the failure in the operation of ATMs, which was reported Tuesday morning

VTB Bank (Armenia) inaugurates renovated servicing hall

Banks
The Russian-owned VTB Bank (Armenia) has inaugurated today the renovated servicing hall at its head office in downtown Yerevan. Artak Khachatrian, head of retail banking division

Juncker not to assume eurogroup presidency without one condition

Banks
Luxembourg premier Jean-Claude Juncker will not accept another term at the helm of

NASDAX OMX ARMENIA and georgian association of banks sign memorandum on cooperation

Capital market
NASDAQ OMX Armenia and Georgia’s Association of Banks signed a memorandum on

Deposits to Armenian commercial banks climb 2.2% to AMD 1056 bln in May

Banks
The volume of deposits to Armenian commercial banks increased by 2.2% to 1 056 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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