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Daily Archives: Feb 10, 2020

Armenia’s financial market allows investors to work effectively, BSTDB chairman says

Banks
The Chairman of Armenia's Central Bank Arthur Javadyan received today a delegation led by the President of the Black Sea Trade and Development Bank (BSTDB) Dmitry Pankin, the press service of the regulator reported

Share of overdue loans drops to record low 0.85% in Armenia

Banks
The share of overdue loans in 2019 dropped to the record low 0.85% of the total lending, Armenian Prime Minister Nikol Pashinyan wrote in a Facebook post

BSTDB signs $10-million loan agreement with Armeconombank

Banks
The Black Sea Trade & Development Bank has signed a USD 10-million loan agreement with Armeconombank

BSTDB is planning new issuance of bonds in armenian drams in 2020

Capital market
The Black Sea Trade and Development Bank (BSTDB) is planning a new issuance of bonds in Armenian drams in 2020, President of the bank Dmitry Pankin told reporters on Monday, saying also the bank attaches importance to the issuance of financial instruments in national currencies of member countries

Armenia and EBRD discuss ways to step up cooperation

Economy
Armenian Economy Minister Tigran Khachatryan and an EBRD delegation, led by EBRD Vice President Pierre Heilbronn, discussed today ways to step up bilateral cooperation. Khachatryan expressed satisfaction with the decision of the EBRD Board of Governors to hold the bank's annual meeting in Armenia in 2021

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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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