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Daily Archives: Oct 15, 2015

Armenian central bank allows Norvik credit organization to shut down

Loans
Armenia’s Central Bank said today it allowed Norvik universal credit organization to shut down and terminate operation. The regulator also revoked the organization’s license

Inecobank introduces remote control application InecoMobile

Banks
Armenian Inecobank has introduced a new remote control application InecoMobile that allows its customers to manage their accounts via smartphones and tables from anywhere in the world 24 hours a day

Over 1 billion global mobile banking users by end of 2015 – Juniper Research

Banks
By the end of this year, the number of mobile banking users across the globe will exceed 1 billion, the world media reported on Wednesday referring to new figures released by Juniper Research

Some 800 VTB Bank (Armenia) employees trained this year to improve their knowledge and skills

Banks
Some 800 employees at VTB Bank (Armenia) have taken classes since the beginning of this year to improve their knowledge and skills, the bank's press office reported on Thursday

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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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