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Daily Archives: Feb 13, 2013

IFC helps Armenian Bank enhance financial services for smaller enterprises

Banks
IFC, a member of the World Bank Group, is helping Armenia’s ACBA-CREDIT AGRICOLE BANK expand financial services to small and medium enterprises

ACBA ON-LINE users to open deposit- secured credit lines and repay loans via “Installment on spot”

Banks
ACBA ON-LINE users don’t have to visit the bank now to open a deposit -secured credit line

“Express” student loans borrowers get new offers from Anelik bank

Banks
Armenia-based Anelik Bank announced Wednesday on new advantages for Express student loans borrowers

Total liabilities of Armenia’s CB hit $730.9 mln in December

Banks
Armenian Central Bank (CB) said its aggregate liabilities dropped by 3.1% in December 2012 from the same month a year earlier to $730.9 million

ARKA releases its regular “Banks of Armenia” bulletin Q4 2012

Banks
ARKA news agency has released a regular quarterly issue of “Banks of Armenia” bulletin for Q4 2012. The bulletin is compiled based on published financial statements and reports of banks, as well as on additional information provided by the banks

Private transfers to Armenia surge 9.1% to $1,7 bln last year

Banks
Over $1.7 billion was transferred in non-commercial remittances to individuals in Armenia in 2012, which was 9.1% higher from a year earlier, the Central Bank said Wednesday

Retained earnings of Armenian credit organizations up 1.7 times to AMD 4,8 bln in 2012

Loans
Retained earnings of Armenian credit organizations climbed 1.7 times in 2012 from a year earlier to over 4.8 billion drams versus 2.8 billion drams, says the review of the Central Bank of Armenia (CBA) on credit organizations for Q4 2012

US stocks up as investors await Obama’s big speech

Capital market
US stocks closed modestly higher overnight, putting the Dow within striking distance of an all-time high, as investors looked ahead to President Barack Obama's State of the Union address

Areximbank-Gazprombank Group to increase its loan portfolio to 105.2bln drams in 2013

Banks
Areximbank-Gazprombank Group closed joint stock company is planning to increase its loan portfolio up to 105.2bln drams in 2013, the bank’s press service told ARKA Agency

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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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