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Daily Archives: Dec 3, 2013

VTB Bank (Armenia) acts as chief partner of third Russian Armenian interregional forum

Banks
The Russian-owned VTB Bank (Armenia) said today it is the chief partner of the third Russian-Armenian interregional forum being held in Armenia with the support of Armenian and Russian presidential administrations. The forum started on December 2 will run through December 4

Head of Bank VTB: Armenian market promising

Banks
President, chairman of board of Bank VTB open joint stock company Andrey Kostin expressed satisfaction his bank is financing business projects of importance to Armenian economy

Overdue loans of Armenia’s banks drop to 24.4 bln drams in October

Banks
Overdue loans of Armenian commercial banks fell by 6.3% in October compared to September, to 24.4 billion drams or 1.44% of total lending, ArmStat 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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