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Daily Archives: Dec 10, 2013

VTB bank (Armenia) customer wins 3-day trip to winter Olympic Games in Sochi

Banks
Armen Grigoryan from the Armenian town of Armavir, a customer of Russian-owned VTB Bank (Armenia) has a won a three-day trip for two for 2014 Winter Olympics Games in Russian Sochi

Four banks and postal operator chosen to operate Armenian pension funds accounts

Economy
Araratbank, Ardshininvestbank, Armbusinessbank , VTB Bank (Armenia) and HayPost national postal operator have signed agreements with Armenia’s Central Depository to operate pension funds accounts

Head of National Competitiveness Foundation of Armenia denies rumors about profitability of air transportation business

Economy
The rumors going around about high profitability of air transportation business has nothing in common with the reality

Armenian Central Bank’s total external liabilities drop by 4.9 percent from beginning of year to $695.8 million

Economy
Armenian Central Bank’s total external liabilities dropped by 4.9 percent from the beginning of the year to $695.8 million as of late October

Armenian dram real effective exchange rate fell 0.78% in October

Exchange market
Real effective dram versus foreign currency exchange rate dropped by 0.78% in October against September, says the Central Bank of Armenia monthly information handbook for October 2013

AMD 270 billion invested in government bonds in Armenia in October 2013 – 2.2% month-on-month decline

Capital market
Aggregate investments in government bonds in Armenia reduced 2.2% in October 2013, compared with the previous month, to AMD 270 billion

US government lost around $10bn on GM bailout: BBC

Economy
The US government has sold its remaining shares in General Motors, leaving it with a loss of around $10bn (£6bn) on the bailout of the car maker

Araratbank attracts $10 million from responsability global microfinance fund for supporting SME

Banks
Araratbank has attracted $10 million from responsAbility Global Microfinance Fund to foster financing for micro, small and medium businesses, the bank’s press office reported on Monday

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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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