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Daily Archives: Dec 16, 2013

Gold buying price in Armenia ups 0.74 percent to 14,872 drams per one gram

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week

Three major insurance companies pay 67.7% of all traffic accidents compensation in 11 months

Insurance
Three major Armenian insurance companies paid 67.7% of all compensation payments for damages caused 33,439 traffic accidents involving mandatory insured cars in the first 11 months of this year

Armenia’s insurance companies pay 9.5 billion drams in mandatory motor insurance compensations in 11 months

Economy
Seven Armenia-based insurance companies paid nearly 9.5 billion drams in a total of 48,809 mandatory motor insurance compensations in January-November 2013, a 15.3 percent rise form the year before, the website of Motor Insurers’ Bureau of Armenia reported

Armenian banks’ lending to residents grew by 5.7 percent in ten months

Banks
The amount of lending provided by 21 Armenia-based commercial banks to residents increased by 5.7 percent in the first ten months of the year to 1.602.8 trillion drams, the Central Bank said in a statement posted on its official website

Green for growth fund to provide 5 million euro loan to Armenian ACBA-CREDIT AGRICOLE BANK

Banks
The Green for Growth Fund and Armenian ACBA-CRÉDIT AGRICOLE BANK signed a EUR 5 million senior loan agreement

Total of $15.8 million traded at NASDAQ OMX Armenia last week

Capital market
A total of $15.8 million were traded at NASDAQ OMX Armenia stock exchange from December 9-13, against $6.45mln in the previous week, the Central Bank of Armenia told ARKA

Armenia’s Commercial Banks purchase over $96.7 mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased more than $96.7mln at a weighted average rate of 404.87drams per $1 in intra-banking foreign exchange market on December 9-13

Conversebank raffling off trip for two to Venice

Banks
Armenia’s Conversebank is raffling off a trip for two to Venice for all its clients carrying out non-cash transactions via Visa card

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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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