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Daily Archives: Jan 20, 2014

Value of Armenia’s stock market surges 15.68% to more than 60 billion drams in 2013

Capital market
The value of Armenia’s stock market surged by 15.68% last year from 2012 to 61.7 billion drams, the head of NASDAQ OMX Armenia stock exchange, Konstantin Saroyan, said today

More than $100,000 to be invested to improve CDA and NASDAQ OMX Armenia stock exchange

Capital market
More than $100,000 will be invested in 2014 in the Central Depository of Armenia (CDA ) and the NASDAQ OMX Armenia stock exchange to improve their efficiency

Net profit of Ardshininvestbank totals 6.5bln drams in 2013

Banks
Net profit of Ardshininvestbank amounted to 6.5 billion drams as of the end of December 2013, which is an increase of 53.6% or 2.3 billion drams compared to the same period of 2012, the bank’s press office reported

Nearly $24.4 mln traded at NASDAQ OMX Armenia stock exchange last week

Capital market
The Central Bank of Armenia said nearly $24.4 million was traded at NASDAQ OMX Armenia stock exchange from January 13 to 17. It stood at $10.53 million from January 8 to 10, according to the report

Araratbank once again best member of NASDAQ OMX Armenia

Capital market
Araratbank is recognized as the best member of NASDAQ OMX Armenia in 2013 for the second consecutive year

Armenia’s commercial banks purchase about $90.1mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased about $90.1mln at a weighted average rate of 406.47 drams per $1 in intra-banking foreign exchange market on January 13-17, the press service of the Central Bank reported

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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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