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Daily Archives: Jan 29, 2014

Minister: no decision for selling precious metals from state depository

Economy
On Wednesday, Armenian Finance Minister David Sargsyan, denying media reports that the government is selling precious metals and stones from the State Depository for Precious Metals

VTB Group and MultiCarta launch ATM mobile geolocation service

Banks
The Russian VTB Group and MultiCarta Company have announced the launch a new service - mobile geolocation of ATMs - for devices based on Windows Phone

Nearly $12.5 mln traded at NASDAQ OMX Armenia stock exchange last week

Capital market
The Central Bank of Armenia said nearly $12.5 million was traded at NASDAQ OMX Armenia stock exchange from January 20 to 24. It stood at $24.4 million from January 13 to 17, according to the report

Armenia’s commercial banks purchase over $94.6 mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased more than $94.6mln at a weighted average rate of 406.33drams per $1 in intra-banking foreign exchange market on January 20-24, the press service of the Central Bank reported

Armenia’s minister of finance met with Fitch Ratings experts

Economy
Armenia’s minister of finance David Sargsyan met with Fitch Ratings expert group last Friday

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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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