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Daily Archives: Oct 5, 2012

Rosgosstrakh Armenia insurance company executive director awarded emergency ministry’s medal Cooperation for Salvation

Insurance
The executive director of Rosgosstrakh Armenia insurance company Gagik Grigoryan, was awarded emergency ministry’s medal of Cooperation for Salvation

Loan portfolio of Nagorno-Karabakh commercial banks’ branches reaches AMD 69.3 billion by early October

Banks
The aggregate loan portfolio of Nagorno-Karabakh commercial banks’ branches amounted to AMD 69393.6 million by October 1, 2012

Armenia’s commercial banks purchased $105.7 mln last week

Banks
Armenian commercial banks purchased over $105.7 million at weighted average rate 405.69 drams per $1 in intra-banking market of foreign currency

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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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