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Daily Archives: Feb 11, 2013

Gold price up in Armenia

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week

Long-term government treasury coupon bonds worth AMD 750 million bought out by Armenian Finance Ministry

Capital market
Armenia’s finance ministry bought out AMGB20072283 long-term government treasury coupon bonds worth AMD 750 million today

Areximbank – Gazprombank Group named a winner of contest of souvenir gift calendars

Banks
The Russian-owned Areximbank - Gazprombank Group said it was named a winner of a contest of souvenir gift calendars produced by Armenian banks for their customers and partners

Armenian banks’ aggregate credit exposure grow 4.7% to 1.6trln drams over 2012

Banks
Armenian banks’ credit exposure, including deposits, factoring and leasing, totalled over 1.6 trillion drams by the end of the fourth quarter 2012, a 4.7% increase against Q3

Armenia’s Finance Ministry and WB sign $45-mln credit agreement for rural roads restoration

Banks
Armenia’s Finance Minister Vache Gabrielyan and Head of World Bank Yerevan Office Jean-Michel Happi signed Monday a $45-million credit agreement

Metals market: Gold prices likely to dive

Interviews
Gold prices climbed early last week as investors were getting more reluctant to take risks amid controversial economic records from the US and eurozone as well as renewed concerns around financial and political situation of the latter

VTB Bank (Armenia) to increase lending to smes to 5 million drams

Banks
VTB Bank (Armenia) and the National Center for Small and Medium Enterprises have revised their agreement to help SME, signed in 2012 June, VTB Bank (Armenia) said today in a press release

Total of $12.1 million traded at NASDAQ OMX Armenian stock exchange last week

Interviews
The Central Bank of Armenia said today a total of $12.1 million were traded at Nasdaq OMX Armenian stock exchange on February 4-8, against $7.6mln the week before

Armenia’s commercial banks purchased $91.5 mln last week

Economy
Armenian commercial banks purchased over $91.5 million at an average weighted rate of 405.65 drams per $1 from 4 to 8 January in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Monday

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Latest news

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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