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Daily Archives: Jul 13, 2012

Armenia’s ACBA-Credit Agricole Bank’s board holds its regular meeting in paris

Banks
The board of Armenia’s ACBA-Credit Agricole Bank held its regular session today in Paris, the bank’s press office reports

Average interest rates on deposits in Armenia dive 0.1 p.p. to 8%

Banks
The average interest rates on deposits in Armenia shrank by 0.1 p.p. to 8% in May

Average interest rates on long-term deposits for individuals in Armenia down by 0.5 p.p.

Banks
Average interest rates on long-term deposits ( for over 1 year period) for individuals in Armenia

Dollar jumps against other currencies as U.S. issues positive data

Exchange market
Dollar rose against all the other currencies as the United States issued better than

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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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