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Daily Archives: Aug 16, 2012

British bristol to launch own currency

Exchange market
The British city of Bristol said it will launch its own currency -the Bristol pound -- usable only with member businesses in the city in southwest England --in September, RIA Novosti reported

Share of individual loan debts in banks’ overall portfolio at the end of second quarter was 30.9%.

Banks
The share of individual loan debts in the banks’ overall loan portfolio at the end of the second quarter of 2012 made 30.9%

Central Bank of Armenia auctions Government bonds worth 1.6 billion drams

Capital market
The Central Bank of Armenia said it has auctioned today long-term government bullet bonds of AMGB07172189 issue worth 1.6 billion drams

Armenian commerce lending totals AMD 327.3 bln or 23.1% in June

Banks
Armenia’s banks allocated 327.3 billion drams in commerce lending in June 2012, 2.9% higher from May, according to the data available on Central Bank’s website

Deposits to Armenia’s banks up 2.4% to AMD 1070 bln in June

Banks
Total deposits attracted by Armenia’s banks rose by 2.4 % to 1 070 billion drams in June from May , according to the data available on the Central Bank’s website

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Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

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%).

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