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Daily Archives: Feb 15, 2019

VTB Bank (Armenia) forgave 3 billion drams worth penalties and fines on bad loans in 2018

Banks
VTB Bank (Armenia) said today that in 2018 it forgave its individual customers some 3 billion drams worth penalties and fines

Lending interest rates in Armenia can be reduced

Banks
Lending interest rates in Armenia can be reduced at the expense of about 300 billion drams

Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

Banks
Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017

Novosti Armenia launches news feed of good news

Economy
Novosti-Armenia news agency has launched a newsfeed for exclusively positive news

Applications for Unibank’s consumer loans increase 18% to 470,000

Banks
In 2018, Unibank’s «credit conveyor» processed more than 470 000 applications for consumer loans

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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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