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Daily Archives: Dec 8, 2016

Central bank auctions 2 billion drams worth long-term government bonds

Capital market
Armenian Central Bank has auctioned today 2 billion drams worth long-term government bonds of AMGB2029A366 issue with a maturity period of 20 years

Holders of MasterCard and Maestro cards of VTB bank (Armenia) may receive electronic money transfers from Russia through Vkontakte

Banks
Holders of Mastercard and Maestro cards of VTB Bank (Armenia) may receive electronic money transfers from Russia through the social network "VK (VKontakte)," the bank's press service reported

Armenian parliament passes 2017 budget

Economy
By a vote of 83 to 24 ad one abstention the Armenian parliament has passed today in the final reading the 2017 budget. The financial document was backed by lawmakers from the ruling Republican Party of Armenia

ACBA-CREDIT AGRICOLE BANK launches ACBA QR free mobile application

Banks
ACBA-CREDIT AGRICOLE BANK has launched ACBA QR free mobile application, which will allow reading out QR codes quickly and securely without drop-in commercials, the bank’s press office reported on Thursday

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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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