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Daily Archives: Sep 20, 2017

US dollar drops by 0.15 points against armenian dram to 478.23 drams

Economy
The average market exchange rate of US dollar against the Armenian dram has dropped today by 0.15 points from September 19 to 478.23 drams

Armenian justice minister and IMF official discuss anti-corruption program

Economy
Armenia’s justice minister David Harutyunyan received today a delegation led by the head of the Armenian Mission of the International Monetary Fund (IMF) Hossein Samiye, the press service of the ministry reported

HSBC bank offers financing for purchase of new equipment

Banks
HSBC Bank Armenia said today it is providing trade financing for the purchase of new equipment at a historically low rate of 4%

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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.

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