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Daily Archives: Jul 12, 2012

Vtb Bank (Armenia) provides $4 million co-financing for construction of Ecotomato company’s greenhouse

Banks
VTB Bank (Armenia) has provided a $4 million co-financing for construction of a greenhouse

Average interest rate on mortgage loans in dollars slips to 11.9% in Armenia in May

Banks
Average interest rate on mortgage loans extended by Armenian banks in dollars went 0.4 percentage points

Areximbank-Gazprombank Group joins Anelik international money transfer system

Banks
Areximbank-Gazprombank Group said it has joined Anelik international money transfers system

ARKA News Agency releases press rating of armenian banks for second quarter

Banks
The ARKA news agency has issued the press rating of Armenian banks for the second quarter of 2012. The leading banks were Ameriabank, AKBA - Credit Agricole Bank, HSBC Bank of Armenia, Bank VTB (Armenia) and Anelik Bank

Armenian dram rises- newspaper

Exchange market
Armenian dram rate enhanced by 6 points on Thursday, for the first time over the past two years, Orakarg newspaper (Agenda) reports.

World Bank provided over $10.4 bln to emerging Europe and Central Asia

Banks
The World Bank Group provided US $10.47 billion in funding to governments in Emerging Europe and Central Asia (ECA) in fiscal year 2012

Dram deposits to Armenia’s banks surge 41.6% to Amd 325.5 BLN late may

Banks
Dram deposits to Armenia’s banks surge 41.6% to Amd 325.5 BLN late may.

First-quarter surplus of capital and financial accounts in Armenia slips 13.6% to $329.7 mln

Economy
The surplus of capital and financial accounts of balance of payments in Armenia dived by 13.6% or $52.2 million to $329.7 million in the first quarter of 2012 from the analogical period

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Latest news

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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