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Daily Archives: Oct 10, 2019

ARENI village hosts Wine Festival with support of ACBA CREDIT AGRICOLE BANK (video)

Banks
It was a holiday in the village of Areni last weekend. For the 11th time this village in the southern Armenian province of Vayots Dzor hosted the Areni Wine Festival, held on the first Saturday of October

EFSE provides Araratbank with multi-currency senior loan equivalent to USD 10 million

Banks
The European Fund for Southeast Europe (EFSE) said it has once again teamed up with long-time partner ARARATBANK to drive local business growth in Armenia

EBRD to provide €4.65 million grant to Armenia for reconstruction of roads in Gyumri

Banks
The Armenian government approved Thursday the signing of the grant agreement between Armenia, the Gyumri municipality, and the European Bank for Reconstruction and Development for reconstruction and repair of roads in Gyumri

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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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