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Daily Archives: Jul 31, 2012

Armenian insurance companies pay 1.1 billion drams in taxes for first half

Insurance
Eight Armenian insurance companies appeared among 1,000 largest corporate taxpayers in the first six months of the year having paid 1.1 billion drams of various taxes, according to the State Tax Service of Armenia, which said also 95.2%, or 1 billion drams were direct taxes.

Armenia’s july inflation rises by 2.3 percent

Economy
The inflation in Armenia in July of this year rose by 2.3% from a year earlier, mainly due to a 4.4 percent rise in prices for non-food goods and a 2.3 percent rise in services, according to National Statistical Service.

Armenian banks pay 15.7 billion drams in taxes in the first half

Banks
Twenty-one commercial banks operating in Armenia were among 1000 largest corporate taxpayers

Bank VTB Armenia leader in Armenian bank cards market

Banks
In the first six months of 2012 VTB Bank (Armenia) was the leading bank in terms of banking cards

Sberbank’s new investment fund eyes share, pre-ipo deals

Banks
Sberbank, Russia's top lender, is creating a new captive investment fund to invest into shares, derivatives and structured instruments, it said in a statement on Monday, according to Reuters agency

Russian banks to escape worst of eurozone debt crisis- S&P

Banks
The banking systems of Russia and the former Soviet republics are in little danger of a major hit from the eurozone debt crisis because their direct links with eurozone banks are limited

Armenia comes the 7th in inflation rate among CIS members

Economy
The CIS Statistics Committee reported one of the lowest inflations in Armenia at 0.8% in May of this year from December of 2001 among the other Commonwealth countries

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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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