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Daily Archives: Oct 26, 2015

Amount of government-insured private deposits in Armenia’s banks increased 2.5 times

Banks
On Monday, the Armenian National Assembly passed at the final reading a law that raises the amount of government-insured private deposits in Armenia's banks about 2.5 times to AMD 10 million against the present 4 million for dram deposits and AMD 5 million against the current 2 million for deposits in foreign currencies

Top five profit-gainers among Armenian banks

Announces
Aggregate profits of Armenia's banks for Jan-Sept 2015 totaled about AMD 23.1 billion – 53.4% less than at the same period a year before

A total of $3.87 million traded last week at NASDAQ OMX Armenia stock exchange

Capital market
A total of $3.87 million were traded at NASDAQ OMX Armenia stock exchange on October 19 -23, up from $1.55 million traded a week earlier, the Central Bank of Armenia said today

Armenian central bank auctions 500 million drams

Capital market
Armenia’s Central Bank said it has auctioned October 26 some 500 million drams worth short-term government bonds of AMGT13251168 issue maturing in 13 weeks. It said a total of 925.5 million drams worth bids had been submitted, of which 913.5 million drams worth bids were competitive

Armenian banks bought $70.5 million last week from local Forex market

Banks
Twenty-one Armenia-based commercial banks bought a total of $70.5 million from the local forex market from 19th to 23rd of October at the average weighted exchange rate of 470.67 drams per one US Dollar

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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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