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Daily Archives: Jul 27, 2012

Zolotaya Korona remittances system announces lower commissions

Banks
Zolotaya Korona money transfer system said all those who will remit money to Russia from August 1 via ACBA Credit Agricole Bank will pay lower commission.

Transfers to Armenia slash, from Russia- rise – newspaper

Economy
Transfers made by individuals to Armenia via the banking system within five months of 2012

EDB ready to finance infrastructural projects in Armenia-Shatalov

Banks
The Eurasian Development Bank (EDB) is ready to finance infrastructural projects in Armenia

Top ten depository banks of Armenia

Announces
Deposits in top ten depository banks of Armenia totaled AMD 783.6 billion by the end of the second quarter of this year after growing 7.6% since the end of the first quarter, according to ARKA News Agency’s second quarter rating of Armenian depository banks.

VTB Bank (Armenia) sponsors fountain reconstruction in Yerevan downtown

Banks
VTB Bank (Armenia) said Thursday it had sponsored one of Yerevan Municipality’s projects- reconstruction of the fountain in Yerevan downtown

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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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