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Daily Archives: Oct 12, 2015

Central bank auctions one billion drams worth mid-term government bonds

Capital market
Armenia's Central Bank said it has auctioned October 12 one billion drams worth mid-term government bonds of AMGT39117161 issue maturing in 39 weeks

Armenian banks bought $57.2 million in one week

Banks
Twenty-one Armenia-based commercial banks bought a total of $57.2 million from the local foreign exchange intra-market from October 5 to October 9 at the weighted average exchange rate of 471.8 drams per $1

VTB Bank (Armenia) and Visa name winners of another “Summer with VTB” campaign

Banks
The Russian-owned VTB Bank (Armenia) and Visa named today the winners of their joint marketing campaign "Summer with VTB

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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.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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