Sat, 2 August
30.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Central bank of Armenia approved the program of monetary-credit policy for the 4th Quarter of 2011

YEREVAN, November 8. /ARKA/. CBA Board of Armenia approved the program of monetary-credit policy for the forth quarter of 2011, press-service of CBA informed ARKA News Agency.

According to the program of monetary-credit policy for the third quarter approved at the beginning of May, where tendencies of development of the main branches of Armenian economy by the end of 2011 were forecasted, economic growth of Armenia is envisaged in the amount of 4.7-5.5%.

In construction sphere, real value added growth was forecasted in the range of 0.6-2.6% and industry – 8.3-10.3%.

In the sphere of services, CBA forecasted growth by the end of the year in the range of 3-5%.

Forecasts in agriculture were optimistic reaching 6.1-8.1%. –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img