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Daily Archives: Oct 30, 2015

Anelik Bank raises security of e-commerce to maximum highest level for holders of VISA and MasterCard payment cards

Banks
Anelik Bank said today it has raised to a new higher 3D secure level the e-commerce for holders of Visa and MasterCard payment cards

More than 94% of private bank deposits in Armenia now insured

Banks
More than 94% of private bank deposits in Armenia are fully insured, Veit H.Gesenhues, head of the Armenian office of the German Savings Banks Foundation for International Cooperation, told local reporters today

Merger with BTA Bank will increase Armeconombank’s regulatory capital

Banks
Armeconombank’s expected merger with BTA Bank will increase our regulatory capital, Saribek Sukiasyan, a shareholder of Armeconombank, said in an interview with Armenian daily "Hraparak."

Eurasian Economic Union development banks to support export-oriented industries

Economy
The Eurasian Economic Union member countries' development banks have signed a cooperation memorandum and made a joint decision on sectoral development, Andrei Slepnyov, a member of the Eurasian Economic Commission border

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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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