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Daily Archives: Dec 2, 2016

ACBA-CREDIT AGRICOLE BANK: from selling violets to building greenhouses

Banks
Brothers Aram and Armen were 15 and 13 years old, when they began gathering violets in the forest and selling them on holidays in Yerevan to somehow ease their family’s burdens

New issue of stocks by “Unibank” ojsc placed at NASDAQ OMX Armenia

Banks
On December 1, 2016 placement of additional issue of common nominal stocks (UNIB) by “UNIBANK” OJSC, which started on November 29, 2016 was completed at NASDAQ OMX Armenia

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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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