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Daily Archives: Oct 23, 2012

Armenia’s Ameriabank intends to enlarge its loan portfolio to AMD 180 billion this year

Banks
Ameriabank intends to enlarge its loan portfolio to AMD 180 billion this year, Gevorg Tarumyan, financial director of the bank, said

Armenia’s banking system to grow 18-22% over 3-5 years- expert

Banks
Armenia’s banking system is to see a 18-22% growth over the next 3-5 years, Development Director of Ameriabank Tigran Jrbashyan said Tuesday

Armenia’s Central Bank may revise key rate downward: Tigran Jrbashyan says

Banks
Armenia’s Central Bank may revise its key refinancing rate (downward) depending on the scale of external risks

Armenia’s progress in Doing Business ranking is the best throughout its history

Banks
The progress, which Armenia has made in the Doing Business ranking, is one of the best throughout its history

Deposit interest rates in Armenia dive 0.4 P.P. to 8.3% in Sept

Banks
Armenia’s residents could open bank deposits at 8.3% average interest rate in September, which was 0.4 p.p. lower from August, according to the report of Armenian Central Bank

Armenia climbs 18 places in «Doing Business» ranking

Economy
Armenia has moved 18 places up in the annual ranking «Doing Business – 2013» of the World Bank (WB) and the International Financial Corporation (IFC), and is now the 32nd in the ratings (the 50th the year before)

Armenia enhances investors’ rights protection- comments over Doing Business 2013 report

Banks
Armenia enhanced the process of investors’ rights protection, according to the comments over Doing Business 2013 rating provided by the World Bank’s Office of External Affairs

Gold prices down in Armenia

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week

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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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