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Daily Archives: Nov 8, 2017

Armenian banks’ expense son advertisement and representation grew by 11% to 2.8 billion drams

Banks
In the first nine months of 2017 expenses of 17 Armenia-based commercial banks on advertisement and representation increased by 11% from the year before to 2.8 billion drams, ARKA news agency has found out after analyzing the banks’ financial reports

Arka releases ‘Banks of Armenia’ bulletin for q3, 2017

Banks
ARKA news agency has released a new issue of its quarterly bulletin “Banks of Armenia” for the third quarter of 2017. The issue is based on banking organizations’ unified reports published in the press in the second quarter of 2016, as well as additional information provided by banks

Armenia’s gross international reserves grow 1.2% to $2 118.8 million in October

Economy
Armenia’s gross international reserves totaled $2 118.8 million in late October 2017 after growing 1.2% or by $25.9 million over one month, according to the central bank’s figures

ArmBanks.am - ARKA News Agency financial-banking portal
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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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