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Daily Archives: Oct 18, 2012

ARCA cards were used in September to make 53 billion drams worth transactions

Banks
The total amount of transactions made through Armenian Card (ArCA) payment system in 2012 September stood at 53.6 billion drams, showing a 7.4 percent drop from the same month in 2011

Armenian Finance Minister sees no difficulties in repayment of Armenia’s state debt in 2013

Economy
Armenian Finance Minister Vache Gabrielyan said today there will be no difficulties in repayment of Armenia’s state debt in 2013

Armenian Central Bank registers office of Rosselkhozbank

Banks
Armenia’s Central Bank said it registered the office of the Russian Agricultural Bank (Rosselkhozbank). The decision was signed by Central Bank chairman Arthur Javadian on October 16

Armenian banks’ retained earnings down 7.9% to AMD 29.2 bln in Jan-Sep

Banks
Armenian banks’ retained earnings down 7.9% to AMD 29.2 bln in Jan-Sep.

Areximbank-Gazprombank group’s total assets up 36.5% to Amd 112.3 bln

Banks
Total assets of Areximbank-Gazprombank group surged by 30 billion drams or 36.5% to 112.3 billion drams as of 30 September 2012 from the same period a year earlier, the bank told ARKA on Thursday

Greece’s withdrawal from the Eurozone may cause global economic crisis

Economy
Greece's exit from the Euro bears the risk of kindling a wildfire throughout Europe - possibly even on an international level - and may result in a worldwide economic crisis

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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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