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Daily Archives: Dec 13, 2013

Total of 3 275.8 trillion drams remitted by all Armenia-based banks in October 2013

Banks
A total of 3 275.8 trillion drams were transferred by all Armenia-based banks by using their non-cash instruments in October 2013

VTB Bank (Armenia) offers free trip for two to world cup 2014 in Brazil

Banks
VTB Bank (Armenia) has invited all its Visa cardholders to try to win a free trip for two to 2014 World Football Cup in 2014 in Brazil as well as many other valuable prizes

Foreign currency household deposits at AMD 512.2 bln in Armenia in October

Banks
Foreign currency household deposits in Armenia’s commercial banks totaled in 512.2 billion drams in October 2013, which was 16.1% higher from the beginning of the year, the Central Bank posted on its official website

Bank VTB (Armenia) launches “Closer to relatives” offer

Banks
Bank VTB (Armenia) is making a promotional offer from December 10 2013 till March 31 2014 entitled “Closer to relatives” for all money transfer systems it operates, the bank’s press office told ARKA

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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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