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Daily Archives: Oct 29, 2019

Arthur Javadyan’s successor already known

Banks
The Armenian authorities have already found successor to Arthur Javadyan, the head of the Central Bank of Armenia, Zhoghovurd reported on Tuesday. According to the daily, this will be Vice Premier Mher Grigoryan

Significant outflow of specialists from central bank of Armenia seen this year

Banks
Significant outflow of specialists from the Central Bank of Armenia is seen this year - 100 employees have quit the regulator over 2019, Arthur Javadyan, the central bank chairman, told journalists on Monday

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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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