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Daily Archives: Oct 12, 2012

ACBA On-line service clients may repay overdrafts

Banks
From now on, all clients of ACBA ON-Line service are able to repay their overdrafts, the press service of ACBA-Credit Agricole Bank said to ARKA

Armenian banks’ credit investments jump 1.4% to AMD 1506 bln in August

Banks
The total volume of credit investments by Armenia’s commercial banks in economy rose by 1.4% in August from July

Mandatory car insurance compensations in Armenia hit nearly AMD 5765.3 mln in Jan-August

Insurance
Armenia’s insurance companies paid nearly 5765.3 million drams in 27, 019 mandatory motor insurance compensations within January-August 2012

Three Armenian insurance companies pay 66 percent of all compensations to holders of car insurances

Insurance
Three Armenian insurance companies pay 66 percent of all compensations to holders of car insurances.

Anelik Bank contributed to “Erebuni-Yerevan” holiday organization

Banks
Anelik Bank said Friday it had again contributed to the organization of Yerevan residents’ and guests’ favorite holiday- City Day

Areximbank-Gazprombank Group organized excursion for its workers’ kids

Banks
Areximbank-Gazprombank Group said Friday it had organized an excursion for children of its employees

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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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