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Daily Archives: Jun 25, 2012

Spain formally request EU’S bailout

Banks
Spain formally requested a bailout for its banks as it negotiated details of the aid, including which European rescue facility would be used for the 100 billion-euro ($125 billion) lifeline

Surplus earnings of Armenian banks in the first four months slash 20.4%

Banks
Surplus earnings of 21 Armenian commercial banks in the first four months of 2012 dropped by 20.4% from a year earlier to 8.2 billion drams, the Central Bank of Armenia reported

Bank VTB (Armenia) launches credit offer “10:0” for small business clients

Banks
The Russian-owned Bank (VTB Armenia) has launched a new credit offer called ’10:0’ designed for lending to small businesses, the bank told ARKA

Armenian crediting organizations’ assets up by 1.2 percent in April

Loans
Armenia’s crediting organizations’ assets upped by 1.2% in April 2012 from the previous month to a total of 134.8 billion drams, the Central Bank of Armenia said in a report posted on its official website

Austrian Development Bank and BSTDB sign 30 million Euro loan agreement to finance private sector projects in the region

Banks
The Austrian Development Bank and the Black Sea Trade and Development Bank (BSTDB) signed on Sunday in Yerevan a loan agreement worth 30 million euros

Armenian Ardshininvestbank to receive $8 mln from BSTDB for mortgage lending

Banks
The Black Sea Trade and Development Bank (BSTDB) and Ardshininvestbank signed $8-million credit agreement on Sunday. The money will be directed to mortgage lending

Armenia: Forex market review, June 18-22

Exchange market
Last week the cost of USD at NASDAQ OMX Armenia stock exchange climbed by 1.05% to 419.18 drams as overall weekly trading amounted to $13.34 million

Armenian commercial banks buy nearly $75.8 mln at local forex market last week

Banks
Armenian commercial banks bought nearly $75.8 million at the local forex market on June 18-22 at the average exchange rate of 415.63 drams per $1, the Central Bank of Armenia told ARKA

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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.

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