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Daily Archives: Mar 2, 2015

Armenia’s monetary base falls 6% to AMD 833.4 billion in January 2015

Economy
Armenia's monetary base fell 6% in January 2015, compared with December 2014, to AMD 833.4 billion

ACBA-CREDIT AGRICOLE BANK installs ACBA TOKEN app for logging to ACBA ON-LINE

Banks
ACBA-CREDIT AGRICOLE BANK has installed ACBA TOKEN application for creating single-use passwords for logging to ACBA ON-LINE system for management of bank accounts

Armenia’s commercial banks purchase about $90.6 mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased about $90.6 mln at a weighted average rate of 477.85 drams per $1 in intra-banking foreign exchange market on February 23 to 27, the press service of the Central Bank reported

Nearly $7mln traded at NASDAQ OMX Armenia stock exchange last week

Capital market
The Central Bank of Armenia said nearly $7 mln was traded at NASDAQ OMX Armenia stock exchange from February 23 to 27, 2015

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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.

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