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Daily Archives: Oct 23, 2015

Rumor going around about Inecobank’s intention to buy Procredit bank denied by both banks

Banks
The rumors going around about Inecobank's intention to buy ProCredit Bank have been denied by both banks

Credit investments of Armenia’s commercial banks increased 4.3% since the beginning of this year to AMD 2 074.1 billion by the end of 3rd...

Banks
Credit investments of Armenia's commercial banks have shrunk 4.3% since the beginning of this year to AMD 2 074.1 billion by the end of the third quarter, according to a fresh issue of ARKA News Agency's 'Banks of Armenia' Bulletin

Recent dram revaluation due to improvement of Armenia’s payment balance external account

Banks
The recent revaluation of the Armenian dram was due to the improvement of the external account of Armenia's payment balance, Smvel Chzmachyan, the head of the Union of Banks of Armenia, said in an interview with Zhamanak (Time)

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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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