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Daily Archives: Nov 17, 2023

Armbusinessbank renamed to AMIO BANK CJSC

Banks
On November 14, 2023 , Armenia's Central Bank passed a decision to re-issue the banking license #40 of Armbusinessbank CJSC

Fifty billion drams refunded to mortgage borrowers this year under  preferential mortgage program

Economy
Since 2018, some 35,000 families in Armenia have benefited from a government-designed scheme that allows mortgage borrowers to repay the loan interest at the expense of their income tax

Unibank is the main sponsor of Unisport club

Banks
A new sports club, Unisport, which unites professional athletes representing various sports, was opened with the support of Unibank

Become a client of Acba Bank from anywhere in the world (VIDEO)

Banks
A remote identification system is already available on acba digital platform, Acba Bank's press service reported

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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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