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Daily Archives: Dec 21, 2016

Armenian finance ministry buys out mid-term government bonds worth AMD 500 million

Capital market
Armenia’s finance ministry bought out Tuesday AMGN60294177 mid-term government bonds worth AMD 500 million, the press office of the Central Bank of Armenia reports

VTB Bank (Armenia) has another New Year offer for its clients

Banks
VTB Bank (Armenia) has another New Year offer for its clients – they enjoy up-to-five-percent additional discounts when formalize purchases of consumer goods in installment via VTB Bank (Armenia), the press office of the bank reports

Armenian regulator auctions two issue of midterm and short-term government bonds worth AMD 5 billion

Capital market
The Central Bank of Armenia auctioned Tuesday two issues of short-term and midterm government bonds totaling AMD 5 billion

Anelik bank to focus on introduction of IT solutions

Banks
The Yerevan-based Anelik Bank is currently working on the development of medium-term and long-term strategic plans, with the focus being on introduction of IT solutions and the expansion of ties with the Diaspora, Anelik Bank Board Chairman Vartan Dilanyan said today

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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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