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Daily Archives: Sep 28, 2017

Ardshinbank becomes account operator of securities settlement system

Banks
On September 27, 2017 Ardshinbank CJSC was granted the status of securities settlement system account operator, thanks to which, hereinafter, services of “Central Depository of Armenia” OJSC (CDA) will be available through Ardshinbank

Armenia’s state debt may reach $7 billion in late 2018

Economy
Although Armenia's aggregate state debt is likely to hit $7 billion by the end of 2018, the country will not default, finance minister Vardan Aramyan told journalists on Thursday

VTB Bank (Armenia) increases number of payment terminals branches equipped with queuing systems

Banks
VTB Bank (Armenia) has expanded the network of its payment terminals and increased the number of branches equipped with queuing systems, the press office of the bank reported on Thursday

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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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