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Daily Archives: Feb 1, 2020

Pashinyan: Armenia to reduce the number of cash transactions

Economy
Armenian Prime Minister Nikol Pashinyan told a discussion of the draft law on non-cash transaction that his government will be consistent in reducing the number of cash transactions since this issue is important not only from the point of view of the economy, the fight against corruption, but also in a civilizational sense

IDBank successfully placed 2nd issue of USD bonds issued in 2019

Banks
IDBank said today it had successfully placed the 2nd tranche USD-denominated dollar bonds issued in 2019

Armenian banks’ transfers to government budget built up 12.3% in 2019

Banks
All the banks operating in Armenia have found themselves in the State Revenue Committee's list of the 1,000 biggest taxpayers of the country. They have sent AMD 54.6 billion to the government budget in 2019 against AMD 48.6 billion a year before

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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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