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Daily Archives: Mar 14, 2023

Armenian Central Bank leaves key interest rate unchanged

Banks

Armenian Central Bank’s Board has decided today to leave

its benchmark interest rate unchanged at 10.75%.

ARMENIAN GOVERNMENT DEBT TO GDP RATIO IN 2022 DROPPED FROM 50% TO 46.7% – MINISTRY OF FINANCE

Economy
Armenian government's debt-to-GDP ratio dropped in 2022 from 50% to 46.7%, according to Finance Minister Vahe Hovhannisyan

Acba Bank presented unique fintech solutions at DigiTec

Banks
Acba Bank took visitors of the DigiTec22 technology exhibition to the digital world to present the innovations of the fintech sector

AraratBank joins the United Nations Women’s Empowerment Principles Initiative

Banks
AraratBank joined the United Nations WEPs initiative back in September 2022, being the first among Armenian commercial banks that year

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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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