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Daily Archives: Dec 2, 2013

VTB Bank (Armenia) named as best bank in Armenia by Armenian marketing association’s survey

Announces
The Russian-owned VTB Bank (Armenia) was named as the best bank in Armenia by a survey conducted by the Armenian Marketing Association, which is the official representative of Gallup International Association in Armenia. The survey conducted in late October, embraced 1,067 respondents in Yerevan and beyond it

Armenian finance ministry declines all bids for short-term government bonds worth AMD 500 million

Capital market
Armenia’s finance ministry declined all the bids made today at an auction for the 52-week AMGT5201C149 government treasury bonds worth AMD 500 million, the press office of the Central Bank of Armenia reports

Armenia’s Central Bank awards license to C-QUADRAT AMPEGA to manage Armenian pension fund

Economy
Armenia’s Central Bank said today it has awarded a license to C-QUADRAT AMPEGA ASSET MANAGEMENT joint stock company to manage investment funds. The regulator said its board had registered this company on November 29

Winner of Areximbank-Gazprombank Group and Visa offer to travel to Brazil to see World Cup matches

Banks
The winner of a special offer announced today by the Russian-owned Areximbank-Gazprombank Group and VISA international payment system will travel to Brazil to watch the 2014 World Cup football matches

Nearly $21.7mln traded at NASDAQ OMX Armenia stock exchange last week

Capital market
The Central Bank of Armenia said nearly $21.7 million was traded at NASDAQ OMX Armenia stock exchange from November 25-29

Armenia’s Commercial Banks purchase over $115.2mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased more than $115.2mln at a weighted average rate of 403.51 drams per $1 in intra-banking foreign exchange market on November 25 – 29

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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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