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Daily Archives: Feb 26, 2013

Total liabilities of armenian credit organizations to banks rose by 1.9% to 34.6 bln drams in Q4

Loans
. Total liabilities of credit organizations of Armenia to banks, were over 34.6 billion drams as of December 31, 2012, an increase of 676.2 million drams or 1.9% as compared to the third quarter

Over 300 Areximbank-Gazprombank Group cardholders used TEMPO service in 2012

Banks
Russia-owned Areximbank-Gazprombank Group said Tuesday its 304 cardholders used TEMPO service in 2012

Nikkei dives 2%, Italy uncertainty rattles Asia, CNBC reports

Capital market
Asian stock markets tumbled on Tuesday, with Japan leading losses after a general election in Italy pointed to deadlock in parliament and raised fears of a new crisis in the euro zone

US stock markets drop as Italy election reignites fears of Europe debt crisis, guardian reports

Capital market
S stocks had their worst drop in more than three months as the prospect of political paralysis in Italy raised the specter of Europe's debt crisis flaring up again, Guardian.co.uk reported

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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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