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Daily Archives: Dec 13, 2016

Eurasian Development Bank: 72% of total direct foreign investments in Armenia come from Russia

Economy
Armenia’s investment cooperation with its Eurasian Economic Union fellow member countries comes exactly to inflow of Russian capital, Sergey Ignatov, head of the Eurasian Development Bank’s office in Yerevan, said Monday at the National Assembly

Armenian banks’ loans to residents shrink 0.1% to AMD 2.1 trillion in October

Banks
The loans Armenian banks have extended to residents totaled AMD 2 096 billion in late October after shrinking 0.1% over the month, the Central Bank of Armenia reports

Fitch expects moderate recovery in domestic credit demand in Armenia in 2017

Banks
Fitch international rating agency expects a moderate recovery in domestic credit demand in Armenia in 2017

Armenian central bank auctions short-term government bonds totaling AMD 500 million

Banks
The Central Bank of Armenia auctioned Tuesday 39-week AMGT39119178 government bonds worth AMD 500 million, the press office of the regulator reports

ACBA-CREDIT AGRICOLE BANK to receive $10 million from Black Sea Trade and Development Bank to support SMEs in Armenia

Banks
ACBA-CREDIT AGRICOLE BANK and the Black Sea Trade and Development Bank have signed a $10-million loan agreement to support small and mid-scale businesses in Armenia, the press office of ACBA-CREDIT AGRICOLE BANK reported on Tuesday

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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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