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Daily Archives: Aug 23, 2013

Combined obligations of 33 credit organizations in Armenia increase by 5.88 percent in second quarter

Loans
Combined liabilities of 33 credit organizations in Armenia increased by 5.88 percent (6.5 billion drams) in the second quarter of 2013 to about 117.3 billion drams, according to an ARKA study

Average return on assets of Armenian credit organizations 3.79% as of end of June

Loans
Return on assets (ROA) of Armenia’s credit organizations was 3.79% as of the end of June as compared to 3.67% as of March 31, 2013

Moody’s puts ratings of six largest U.S. banks on review: WSJ

Banks
Moody's Investors Service put the debt ratings of the six largest U.S. banks on review, reflecting uncertainty regarding U.S. policies for supporting distressed banks

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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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