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Daily Archives: Oct 19, 2015

Piazza Grande business center to host EBRD news conference on €1.9 million co-financing grant

Economy
The Piazza Grande business center in Yerevan located at 10, Vazgen Sargsyan street will host a news conference on October 20 in connection with the signing of a € 1.9 million co-financing grant provided by the Eastern Europe Energy Efficiency and Environment Partnership to Yerevan Municipality to modernize the city’s street lighting system

Anelik Bank’s time deposits grew by 28% to 55 billion drams

Banks
Armenia-based Anelik Bank said today its portfolio of time deposits in the third quarter of 2015 amounted to over 55 billion drams, a 28% surge from the same time span in 2014

ACBA-CREDIT AGRICOLE BANK and American Express announce another award program for holders of American Express cards

Banks
ACBA-CREDIT AGRICOLE BANK and American Express have announced another award program designed specifically for holders of American Express cards

Dollar-dram exchange transactions at NASDAQ OMX Armenia total $1.55 million last week

Capital market
Dollar-dram exchange transactions effected at NASDAQ OMX Armenia stock exchange over a period from October 12 to 16 totaled $1.55 million against $5.95 million one week before, the press office of the Central Bank of Armenia told ARKA News Agency

$66.4 million bought by commercial banks last week at Armenia’s intra-banking forex market

Banks
Commercial banks bought $66.4 million at 472.75 drams per one dollar at Armenia's intra-banking foreign exchange market over a period between October 12 and 16, the press office of the Central Bank of Armenia reports

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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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