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Daily Archives: Feb 11, 2020

Armenian national security service exposes financial pyramid

Economy
Armenia's National Security Service (NSS) said it has exposed a financial pyramid disguised as a tourist organization that has managed to attract large financial resources

Mher Ananyan appointed executive director, chairman of board of Araratbank

Banks
Mher Ananyan has been appointed as Executive Director, Chairman of the Board of Araratbank. He has replaced Ashot Osipyan, who was relieved of the post in November, 2019

12-month inflation recorded at 0.7% in Armenia in 2019 – regulator

Economy
A 12-month inflation in Armenia is recorded at 0.7 in 2019, while in December 2019 this indicator stood at 1.3%, the board of the Central Bank of Armenia placed this on record at its session held on January 24 and released the information 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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