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Daily Archives: Nov 14, 2017

Armenian central bank keeps refinancing rate unchanged

Banks
Armenia’s Central Bank has decided today to keep the refinancing rate unchanged at 6%. It said the inflation in October 2017 was 0.8% as opposed to 0.5% inflation recorded a year ago. As a result the 12-month inflation at the end of October was 1.2%

VTB Bank (Armenia) develops Super Card

Banks
VTB Bank (Armenia) said it has designed a new product, called Super Card, which offers a credit line with zero annual interest rate. The client pays only a monthly loan servicing fee (1.4% of the credit limit)

Asian Development Bank’s 2017 loan portfolio for Armenia’s private sector amounts to $140 million

Banks
The Asian Development Bank’s loan portfolio for financing the private sector in Armenia amounted to $140 million in 2017, Shane Rosenthal, the head of the ADB Resident Mission, told ARKA News Agency

Unibank completes placement of $5 million worth USD-denominated coupon bonds

Banks
The Yerevan-based Unibank said today it has successfully completed the placement of registered USD-denominated coupon bonds to the tune of $5 million

Armenian banks’ investments in securities increased by 35% in 9 months

Banks
Armenian commercial banks' investments in securities increased by 35% in the first 9 months of 2017, when compared to the same period of last year

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Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

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%).

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