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Daily Archives: Feb 7, 2013

Armenia’s Central Bank issues three commemorative coins

Banks
Armenia's Central Bank said today it has put into circulation today three silver commemorative coins of Noyan Tapan (Noah's Ark) series of various denominations and weight

Central Bank of Armenia registers new crediting organization

Loans
A new universal crediting organization "Credo Finance", was registered by Armenia's Central Bank Board on February 5 receiving a license to operate in the country from February 5

Bank of England keeps key rate unchanged

Banks
The Bank of England (BoE) has kept its benchmark interest rate unchanged for the 47th consecutive month in February and announced no change to its asset purchase facility program

Presidential nominee Bagratyan to cut farm loan interest rates if elected

Economy
Candidate for Armenia’s president, former prime-minister Hrant Bagratyan plans to achieve one-and-a-half-time reduction in interest rates on agricultural loans if elected

Armenia posts 2.9% month-over-month inflation in January

Economy
Armenia posted 2.9% month-over-month inflation in January as prices for food (including alcohol beverage and tobacco goods) climbed 4.9%, according to the National Statistical Service of Armenia

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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.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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