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Daily Archives: Jan 17, 2014

VTB Bank (Armenia) upgrades its internet banking service

Banks
The Russian-owned VTB Bank (Armenia) said it has upgraded its Internet banking service

Anelik Bank’s staff to enjoy free medical services

Banks
Anelik Bank will pay bills for medical services provided to its staff, the bank’s press office reports

Armenia’s financial supervision inspectorate restores 2.3bln drams in 2013

Economy
The supervision inspectorate of Armenia’s ministry of finance restored and re-documented 2.3 billion drams as a result of inspections in 2013, as compared to 1.1 billion drams in 2012

External liabilities of Central Bank of Armenia $682.8mln in November

Economy
Total external liabilities of the Central Bank of Armenia (CBA) amounted to $682.8 million in November 2013, a reduction of 6.6% from the beginning of the year, says CBA monthly guidebook for November

Fitch affirms the netherlands at ‘AAA’; outlook negative: Reuters

Economy
Fitch Ratings has affirmed The Netherlands' Long-term foreign and local currency Issuer Default Rating (IDRs) at 'AAA', the agency reports. The Outlooks are Negative

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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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