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Daily Archives: Feb 11, 2019

Insurance companies unhappy with Armenia’s Single Window for Automotive platform

Insurance
Armenian insurance companies are getting increasingly unhappy with the Armenia’s Single Window for Automotive (ASWA) platform

Deposits in Armenian banks grew last year by 12.7% to about 3 trillion drams

Banks
Bank deposits kept by Armenia-based commercial banks surged by 12.7% last year or 332.7 billion drams to 2 957.3 trillion drams

ACBA-CREDIT AGRICOLE BANK relocates Komitas branch to more comfortable area

Banks
ACBA-CREDIT AGRICOLE BANK said today it has relocated its Komitas branch in the capital Yerevan to a more comfortable and technically equipped area at 58, Komitas Avenue

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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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