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Daily Archives: Dec 9, 2013

Converse Bank makes “Trip with AVERS” offer

Banks
On December 1, Converse Bank and AVERS money transfer system announced an offer called Trip with AVERS, which is in force until April 1

Shen Holding corporate bonds listed and included in bbond list of NASDAQ OMX Armenia

Capital market
On December 9, 2013, corporate bonds issued by "SHEN HOLDING" CJSC were listed and included in Bbond list of NASDAQ OMX Armenia

Novosti press center to host open skies policy presentation Tuesday

Economy
Arman Khachatryan, the executive director of the National Competitiveness Foundation of Armenia, will conduct a presentation on the benefits and advantages of Armenia’s recently adopted open skies policy

Areximbank – Gazprombank Group expects private money transfers through its network to increase 40% in 2013

Banks
The Russian-owned Areximbank - Gazprombank Group said today it expects private money transfers going through its network to increase 40% from the same time span in 2012

Nearly $6.45 mln traded at NASDAQ OMX Armenia stock exchange last week

Capital market
The Central Bank of Armenia said nearly $6.45 million was traded at NASDAQ OMX Armenia stock exchange from December 2 to 6. It stood at $21.7 million from November 25 to 29, according to the report

Armenia’s commercial banks purchase over $100.3mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased more than $100.3mln at a weighted average rate of 404.23 drams per $1 in intra-banking foreign exchange market on December 2-6, the press service of the Central Bank 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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