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Daily Archives: Dec 9, 2016

IMF to provide Armenia with $21 million under EFF

Economy
The Executive Board of the International Monetary Fund (IMF) said it completed December 7 the fourth review of Armenia's performance under a three-year arrangement under the Extended Fund Facility (EFF).

Armenia and World Bank sign US$50 million development policy finance operation to support government’s reforms program

Economy
Armenia and the World Bank signed December 8 a US$50 million development policy finance operation to support the Government’s reforms program across key economic areas

ACBA-CREDIT AGRICOLE BANK announces promotion campaign “Win what you will buy”

Banks
ACBA-CREDIT AGRICOLE BANK said today that all its clients who will make a purchases until 31st of January 2017 by taking advantage of one of its services called "Installment on the spot"

Private noncommercial remittances to Armenia shrink 10.4% in Jan-Oct 2016 to $1 197.7 million

Economy
Over $1 197.7 million came to Armenia through banks in January-October 2016 as private noncommercial money transfers – 10.4% less than at the same period a year earlier, the Central Bank of Armenia says in a fresh issue of its monthly bulletin

Average yield of Armenian Eurobonds sheds to 4.74% in October 2016

Capital market
The average yield of Armenian Eurobonds shed to 4.74% in October 2016 from 4.85% in September 2016, the Central Bank of Armenia says in its monthly bulletin

Unibank recognized the Partner of the Year at ‘Banks of the Future’ International Conference in Athens

Banks
Unibank was recognized the Partner of the Year at ‘Banks of the Future’ International Conference held in December in Athens, the press office of the bank reported on Friday

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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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