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Daily Archives: Oct 22, 2012

Market of metals: Gold and copper prices fell amid strong USD and concerns about Europe

Interviews
Last week quotes for precious assets, including gold, significantly slashed amid the U.S. strengthening. As a result, gold quotes reached a new five-week minimum of 1,716.71 USD per troy ounce

Total of $9.4 million traded at NASDAQ OMX Armenian stock exchange last week

Capital market
The Central Bank of Armenia said today a total of $9.4 million were traded at Nasdaq OMX Armenian stock exchange on October 15-19

Armenia: Forex market review for October 15-19

Exchange market
YEREVAN, October 15. / ARKA /.The average exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange last...

Armenia’s economic activity advances 4.4 percent in September

Economy
Armenia’s economic activity in September 2012 advanced 4.4 percent if compared to 2011 September, the National Statistical Service (ArmStat) told ARKA

Areximbank-Gazprombank Group to increase its credit portfolio to Amd 90 bln by 2012’s out

Banks
Areximbank-Gazprombank group said it intends to increase its credit portfolio ( including lines of credit) up to 90 billion drams by 2012’s out, ensuring the annual growth of this index at over 20.5% benchmark

Armenia’s commercial banks purchased over $96.2 mln last week

Exchange market
Armenian commercial banks obtained over $96.2 million at an average weighted rate of 406.65 drams per $1 within October 15-19

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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.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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