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Daily Archives: Sep 28, 2015

Cost of U.S. dollar rises by 0.46 points against Armenian dram

Exchange market
The cost of US Dollar has grown today by 0.46 points against Armenian national currency from September 25 to 475.81 drams, the central bank reported

Some $5.2 million traded at NASDAQ OMX Armenia last week

Capital market
A total of $5.2 million were traded at NASDAQ OMX Armenia stock exchange from September 22 to 25. This compares with $300,000 worth transactions effected at the exchange in the previous week, the Central Bank of Armenia said

Armenian banks bought $67 million from local forex market in four days

Exchange market
Armenian commercial banks bought a total of $66.9 million from local forex intra-market on September 22-25 at the weighted average exchange rate of 475.47 drams per $1, the press service of the Central Bank said

Bank of Cyprus completes sale of its 100% stake in Uniastrum to Artem Avetisyan

Banks
Russian business daily ‘Kommersant’ said the Bank of Cyprus has completed the sale of its 100% stake in its Russian subsidiary – Uniastrum - to Artem Avetisyan (ethnic Armenian businessman, based in Russia), for 7 million euros

Armenian 2016 budget deficit to be 3.5% of GDP, IMF

Economy
Armenia's budget deficit in 2016 will make 3.5% of GDP, Chief of IMF Mission to Armenia, Mark Horton, told a last Friday news conference

Armenian dram set to gain strength in coming weeks

Exchange market
Armenian dram is set to gain slightly in strength in the coming weeks, Chief of IMF Mission to Armenia, Mark Horton, told Armenian reporters last Friday

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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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