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Daily Archives: Sep 4, 2015

VTB Bank (Armenia) unveils new insurance products

Banks
VTB Bank (Armenia) has unveiled today new four types of insurance products, which it said were designed to make the everyday life of its clients more comfortable, saying some of them are ‘unique’ in the Armenian market

Representatives of Rosgosstrakh Armenia visit Children Care and Protection Center in Gyumri for charity event

Insurance
Representatives of ROSGOSSTRAKH ARMENIA insurance company travelled to Armenia’s second largest town of Gyumri to visit the local Fridtjof Nansen Children Care and Protection Center as part of a charity event

Creation of single currency for EEU is a matter of decades- economist says

Exchange market
Tatul Manaseryan, the head of a Yerevan-based think-tank Alternative, says introduction of a single currency for the Eurasian Economic Union is a matter of decades

Armenian Central Bank’s external liabilities rose by 7 percent in late July to $593.7 million

Banks
As of late July 2015 Armenian Central Bank's total external liabilities stood at $593.7 million, having increased 7% over the previous month, according to the monthly bulletin of the regulator for July 2015

Time has not come to down Central Bank key rate – VTB head

Banks
Andrey Kostin, the CEO of Russia's VTB bank, was quoted Friday by Prime as saying that the central bank's key rate may be lowered before the end of this year, but it is not the best moment now for doing that

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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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