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Daily Archives: May 5, 2015

ACBA-CREDIT AGRICOLE BANK expects its loan portfolio in 2015 to make 205 billion drams

Banks
ACBA-CREDIT AGRICOLE BANK expects its loan portfolio in 2015 to make 205 billion drams, the Bank’s Chief Executive Officer Hakob Andreasyan said today

ACBA-CREDIT AGRICOLE BANK opens new Sayat-Nova branch in downtown Yerevan

Banks
ACBA-CREDIT AGRICOLE BANK has opened today a new Sayat-Nova branch in downtown Yerevan. Speaking at the opening ceremony, ACBA-CREDIT AGRICOLE BANK Chief Executive Officer Hakob Andreasyan

Loan portfolio of Armenian bank’s branches in Nagorno-Karabakh Republic grows 17.2% to AMD 86688.1 million

Banks
The aggregate loan portfolio of Armenian commercial bank's branches in Nagorno-Karabakh Republic has grown 17.2% since May 1, 2014 to AMD 86688.1 million by the same date of this year

ACBA-CREDIT AGRICOLE BANK intends to end 2015 with AMD 3.8 billion profit

Banks
ACBA-CREDIT AGRICOLE BANK plans to earn this year AMD 3.8 billion in profits, ACBA-CREDIT AGRICOLE BANK Chief Executive Officer Hakob Andreasyan told journalists on Tuesday

Armenia’s Central Bank places short-term government bonds worth 500 mln drams

News
The Central Bank of Armenia (CBA) placed short-term government treasury bonds of AMGT52025168 series worth 500 million drams, the CBA press office reported

Armenia’s commercial banks pay 9.7 bln drams to the government budget in Q1

Banks
All 21 commercial banks operating in Armenia are on the top 1,000 taxpayers list as of the end of the first quarter 2015, having paid a total of about 9.7 billion drams to the budget as compared to 8.9 billion drams in Q1 2014, Armenia’s State Revenues Committee reports

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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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