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Daily Archives: Dec 22, 2016

Unibank successfully completes the process of compliance with pin security 2.0 standard requirements

Banks
The Yerevan-based Unibank said today it has successfully completed the process of compliance with PIN Security 2.0 standard requirements receiving a corresponding international certificate

Araratbank may embark on IPO in 2017

Banks
Araratbank remains steadfast in its intention to enter IPO market, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday

Araratbank doesn’t seek to increase participation of EBRD in its shareholding structure

Banks
Araratbank doesn’t seek to increase the participation of the European Bank for Reconstruction and Development in its shareholding structure, Ashot Osipayn, Araratbank executive director, said at a news conference on Wednesday

Second wave of banks’ mergers expected in Armenia – banker

Banks
The second wave of banks’ mergers is expected in Armenia, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday

Araratbank’s shareholding structure to remain unchanged after merger with the Armenian Development Bank

Banks
Araratbank’s shareholding structure will not change after the bank merge with the Armenian Development Bank, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday

Armenia’s Araratbank to pay special attention to digital banking and investment services in 2017

Banks
Armenia’s Araratbank will pay special attention to digital-banking and investment services in 2017, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday

Euro in Armenia sheds below 500 drams coming close to US dollar

Exchange market
The euro went 0.24 percentage points down against the Armenian national currency on Wednesday, compared with Tuesday, and traded at 499.81 drams, on average, at Armenia’s forex market

Nerses Yeritsyan reappointed as deputy chairman of Armenian central bank

Banks
Serzh Sargsyan, Armenian president, signed a decree on Wednesday extending the term of Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, in office for other six years

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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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