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Daily Archives: Oct 25, 2019

IBEC provides of €3.5 million to Ardshinbank as pre-export financing

Banks
For the first time, Ardshinbank has implemented a trade finance deal with the International Bank for Economic Cooperation (IBEC) under the General Financing Agreement signed in September 2019, the press office of Ardshinbank reported on Friday

Armenia, Germany expand financial cooperation

Economy
Armenian Finance Minister Atom Janjughazyan received Friday German Ambassador to Armenia Michael Johannes Banzhaf, the press office of the ministry reports. Current cooperation and prospects for its development were discussed at the meeting along with other issues

Armenian economy minister discusses cooperation expansion prospects with ADB director

Banks
Armenian Economy Minister Tigran Khachatryan received Friday an Asian Development Bank delegation headed by ADB Country Director Paolo Spantigati, the press office of the Armenian economy ministry reports

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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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