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Daily Archives: Jan 29, 2016

U.S. dollar rises by 0.27 points over Armenian dram

Banks
The average market value of US dollar has grown today by 0.27 percentage points over the Armenian national currency from January 26 to 488.75 drams, the Central Bank said

Ararat Bank named by Global Finance as the best trade-financing bank of Armenia

Banks
Global Finance Magazine has singled out Araratbank as the best trade-financing bank of Armenia, the press office of the bank reported on Thursday

Armenia-based insurance companies among largest 1000 corporate taxpayers in 2015

Insurance
All six Armenia-based insurance companies were among the largest 1000 corporate taxpayers in 2015 having paid a total of 1.77 billion drams in various taxes, down from 1.97 billion drams they had paid in 2014

Armenia’s gross external reserves in December 2015 rose by 14.3% to $1.771.2 billion

Economy
Armenia’s gross external reserves in December 2015 amounted to $1.771.2 billion, a 14.3% rise from the previous month, the Central Bank said today

ACBA-CREDIT AGRICOLE BANK and Oxford Microfinance Initiative begin joint project

Banks
The Armenia-based ACBA-CREDIT AGRICOLE BANK said today it has initiated a joint agricultural project together with the Oxford Microfinance Initiative (OMI)

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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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