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Daily Archives: Mar 16, 2015

Armenia and EBRD sign 20 million euro grant agreement

Economy
Armenian ministry of energy and natural resources and the European Bank for Reconstruction and Development (EBRD) have signed on Monday an investment agreement, enabling Armenia to attract a nearly 20 million euro grant

Russian banks will post profit for 2015, despite losses increased in February, Central Bank says

Banks
YEREVAN, March 16. /ARKA/. Russian banks’ losses grew from 24 billion rubles over a month up to 36 billion...

World Bank approves $30 million loan for SILD project in Armenia

Economy
The WB Board of Executive Directors a $30 million loan for Social Investment and Local Development (SILD) project in Armenia, WB Country manager for Armenia Laura Bailey told reporters on Monday

Nearly $3.5 mln traded at NASDAQ OMX Armenia stock exchange last week

Banks
The Central Bank of Armenia said nearly $3.5 million was traded at NASDAQ OMX Armenia stock exchange from March 9 to 13, 2015

Armenia’s commercial banks purchase about $87 mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased about $87 mln at a weighted average rate of 479.98 drams per $1 in intra-banking foreign exchange market on March 9 to 13, the press service of the Central Bank reported

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Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

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.

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