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Daily Archives: Nov 20, 2017

Twelve-month inflation in 2017 to be 1.3 percent

Economy
The 12-month inflation in Armenia by the end of 2017 will be 1.3%, according to the quarterly macroeconomic review, prepared by the Eurasian Development Bank (EDB)

Around $114.1 million bought by Armenian banks last week

Banks
Armenia’s commercial banks bought around $114.1 million from the local foreign currency market on November 13 to 17 at the average weighted exchange rate of 486.74 drams per one USD, the Central Bank of Armenia reported on Monday

Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

Banks
Armenian Armeconombank said it has concluded a second loan agreement with the Belgian investment company INCOFIN CVBA to the tune of $10 million

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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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