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Daily Archives: Feb 28, 2013

Moody International confirms ROSSGOSSTRAKH ARMENIA meets international standards

Insurance
Moody International revealed no inaccuracies in ROSGOSSTRAKH ARMENIA company’s operation during its audit, the company reported to ARKA on Thursday

Prize worth one million distributed between 6 deposit holders of Conversebank

Banks
Six deposit holders of Conversebank shared a prize fund of 1 million drams in the bank’s “Chance” special offer, the bank’s press service reported

Armenia’s money supply shrinks by 1.9% to over AMD 1.320.1 trln in January

Economy
Money supply of Armenia dropped by 1.9% to over 1.320.1 trillion drams late January from December

Armenia’s gross international reserves down 1.7% to $1 768 mln in January

Economy
Armenia’s gross international reserves fell by 1.7% to $1 768 million in January 2013 from December, Central Bank of Armenia posted Thursday on its official website

Armenian banks’ liabilities to financial institutions grow 9.9% to 712.9bln drams in Q4

Banks
Liabilities of Armenia’s commercial banks to banks and other financial institutions exceeded 712.9 billion drams by the end of 2012, an increase of 9.9% or 64.6bln drams over the fourth quarter

VTB Bank (Armenia) starts serving social accounts within social package program

Banks
Customers of VTB Bank (Armenia) can now open social accounts at the bank within the framework of the social package program, the bank reported ARKA on Thursday

Prime-Minister: armenia’s economic growth at 7.2% in 2012

Economy
Armenia’s economic growth stood at 7.2% by the end of 2012, the country’s prime minister Tigran Sargsyan said

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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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