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Daily Archives: Feb 17, 2020

Armenian motorists can use ASWA app to register traffic accidents online

Insurance
Armenia's Bureau of Car Insurers said physical damage caused to a car or cars in a traffic accident that does not exceed 100 thousand drams

BSTDB President skeptical about single currency idea

Economy
Dmitry Pankin, President of the Black Sea Trade and Development Bank (BSTDB), is skeptical about the idea of a single currency

Armenia’s total securities market value exceeds AMD 1 trillion in 2019

Capital market
Armenia's total securities market value amounted to around AMD 1,040.7 billion in 2019, the Armenia Securities Exchange (AMX) says in its annual report

Araratbank attracts $10-million loan from Dutch Development Bank FMO

Banks
FMO, the Dutch Development Bank, has provided USD 10 million to Araratbank, the press office of the Armenian bank reports. According to the bank's press release, the financial means will be lent for implementation of SME development programs as well as energy-saving and so called green business programs

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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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