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Daily Archives: Jan 14, 2014

Armenia’s total public debt at the end of November 2013 totaled $4.552.8 billion – NSS

Economy
Armenia’s total public debt at the end of November 2013 stood at $4.552.8 billion, dropping 0.24 percent or $11.3 million from the previous month, according to the National Statistical Service (NSS)

ECB president Mario Draghi named as ‘governor of the year’

Banks
European Central Bank (ECB) president Mario Draghi was today unveiled as ‘governor of the year' and the People's Bank of China (PBoC) as ‘central bank of the year' in the inaugural Central Banking awards

Ministry of finance turns down bids for auction of 2-5 billion drams worth government bonds

Capital market
Armenian Ministry of Finance has turned down all the bids submitted for an auction of 2-5 billion drams worth mid-term (treasury) government bonds, the Central Bank said

Car owners to pay fine for each 10 days of delay in signing insurance agreement

Insurance
Owners of motor vehicles, who have not signed a mandatory car insurance agreement in time, may be fined 5,000 drams for each 10 days of delay

Loan portfolio of Armenian banks’ branches in Karabakh totaled 82,832.9 mln drams as of January 14, 2014

Banks
Total loan portfolio of branch offices of Armenia’s commercial banks in Nagorno-Karabakh Republic (NKR) amounted to 82,832.9 million drams as of January 1 2014

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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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