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Daily Archives: Jan 8, 2014

Central Bank says drop in lending interest rates was caused by lowering key refinancing rate

Banks
The Central Bank of Armenia said the drop in lending interest rates observed in the local financial market in 2013 November and December was caused by the regulator’s decision to cut its key

Lending in Armenia grows from 615 billion drams to 1.7 trillion drams in five years – Central Bank chairman

News
The amount of lending in Armenia over the last five years has grown from 615 billion drams to 1.7 trillion drams, Central Bank chairman Artur Javadyan was quoted as saying in a press release

Armenia’s inflation below 6% in 2013 is achievement: Javadyan

Economy
Armenia has completed the year 2013 with inflation below 6%, which is an achievement bearing in mind the increased energy prices and their indirect influence, head of the Central Bank of Armenia

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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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