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Daily Archives: Jul 20, 2012

Ameriabank’s total assets surge to 222 billion drams

Banks
The total assets of Ameriabank surged to 222 billion drams at the end of the second quarter of this year from 200.9 billion drams from a year earlier, Tigran Jrbashyan

IMF says Europe could suffer dangerous bout of deflation

Economy
Europe could suffer a dangerous bout of deflation if regional officials, including those at the European Central Bank, do not move quickly to support the continent’s banks

Armenia’s economic activity index in first five months advances by 7.4%; CB says

Economy
Armenia’s economic activity in the first five months of 2012 advanced by 7.4% as opposed to the same time span in 2011, the Central Bank of Armenia said today in a press release

Armenia posts 1.3 percent June deflation

Economy
Prices in June 2012 dropped by 1.3%, resulting in a 12-month inflation of 0.7%, well below the lowest projected target, the Central Bank of Armenia said

Armenian banks not in 2011 CIS top 100 banks rating because of their size- EBRD

Banks
The fact that Armenian banks had failed to enter 2011 CIS top 100 banks rating is triggered by

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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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