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Daily Archives: Oct 4, 2019

ACBA-CREDIT AGRICOLE BANK is general sponsor of Areni Wine Festival.

Banks
On October 5, the village of Areni in Armenia's Vayots Dzor province will host the Areni Wine Festival. The general sponsor of the traditional event is ACBA-CREDIT AGRICOLE BANK

Mher Abrahamyan elected head of Union of Banks of Armenia

Banks
Mher Abrahamyan, Board Chairman of IDBank CJSC, was elected as new head of the Union of Banks of Armenia

Issues related to formation of common financial market in EEU territory discussed in Armenia’s central bank

Economy
The second session of the Eurasian Economic Union's Advisory Committee for Financial Markets took place Thursday in the Central Bank of Armenia, the press office of the regulator reports

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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