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Daily Archives: Jan 12, 2016

Head of Anelik bank branch arrested on suspicion of being involved in murder

Banks
The head of Anelik bank's Vagharshapat branch in the town of Etchmiadzin, Arman Paravyan 43, was arrested Monday on suspicion of being involved in the murder of a man in Musaler restaurant, according to shamshyan.com

Overdue loans in Armenian banks surged by 9.5% in 2015 November to almost 35 billion drams

Banks
Overdue loans in Armenian commercial banks in November 2015 surged by 9.5% from the previous month to 34.8 billion drams, according to numbers, released today by the National Statistical Service (NSS)

Armenian commemorative coins are popular both in Armenia and beyond it, central bank

Banks
YEREVAN, January 12. /ARKA/. Armenian commemorative coins are in great demand both in Armenia and beyond it, the Central...

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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.

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