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Daily Archives: Feb 27, 2013

ANELIK BANK BOOM ENERGY VISA Classic card holders to enjoy unprecedented preferences in Yerevan’s culture centers

Banks
ANELIK BANK BOOM ENERGY VISA Classic card holders will enjoy unprecedented preferences in culture centers in Yerevan, Anelik Bank’s press office reports

Operating profit of Armenia’s Banks rose 33.7% to AMD 161 bln in 2012

Banks
Operating profits of Armenian commercial banks climbed by 33.7% to 161 billion drams at the end of 2012 from the third quarter

ACBA-CREDIT AGRICOLE BANK introduces “Convertible” deposit

Banks
ACBA-CREDIT AGRICOLE BANK announced Wednesday on roll-out of a new deposit –“Convertible.”

Trade lending by Armenia’s Banks hiked 18.1% to AMD 333.4 bln in 2012

Banks
Trade lending by Armenia’s commercial banks upped by 18.1% as of December 31 to about 333.4 billion drams from 2011

Armenia’s Central Bank projects 12-month inflation at 4.5% by end of June

Economy
Armenia’s central bank projects the 12-month inflation to rise up to 4.5% by the end of June 2013, says the regulator’s report on inflation

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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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