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Daily Archives: Dec 14, 2016

EFSE to provide $10 million loan to ACBA-CREDIT AGRICOLE BANK

Banks
ACBA-CREDIT AGRICOLE BANK and the European Fund for Southeast Europe (EFSE) have signed a loan agreement in Armenia's national currency for the equivalent of $10 million, the bank's press service reported

Armenian credit organizations’ lending to agriculture shrinks 1.3% to AMD 49.4 billion in October

Loans
Armenia’s credit organizations lent about AMD 49.4 billion to agriculture sector in October 2016, compared with the previous month, the Central Bank of Armenia says in its monthly bulletin

Anelik Bank issues bonds totaling $5 million

Banks
Anelik Bank has issued registered coupon bonds, which will total $5 million, the press office of the bank reported on Tuesday

Unibank to pay interim dividends to its shareholders

News
The board of Unibank OJSC decided on December 9 to pay interim dividends for a period between January and September 2016 as registered ordinary shares – 420 shares for 4,348 bought shares. This is equal to 13% annual yield for shareholders

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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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