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Daily Archives: Jan 16, 2013

Average interest rate on deposits slips 0.3 points to 8.5% in November 2012

Banks
Average interest rate on deposits slid 0.3 percentage points in November 2012, compared with the previous month, to 8.5%

Average interest rate on long-term dram loans drops 0.45 p.p. to 15.95% in November 2012

Economy
Average interest rate on long-term dram loans slid 0.45 percentage points in November 2012, compared with the previous month, to 15.95%, while that of long-term loans in foreign currencies rose 0.25 points to 13.6%

Average interest rate on long-term dram loans drops 0.45 p.p. to 15.95% in November 2012

Economy
Average interest rate on long-term dram loans slid 0.45 percentage points in November 2012, compared with the previous month, to 15.95%, while that of long-term loans in foreign currencies rose 0.25 points to 13.6%

Average interest rate on deposits slips 0.3 points to 8.5% in November 2012

Banks
Average interest rate on deposits slid 0.3 percentage points in November 2012, compared with the previous month, to 8.5%

World Bank cuts growth outlook as advanced nations drag

Economy
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013, Reuters reports

VTB Bank (Armenia) re-opens three renovated branches in Armenia

Banks
Russian-owned VTB Bank (Armenia) said it re-opened Tuesday its three renovated branches—two in Yerevan, and one in Ashtarak

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. The new prices are for one gram of chemically pure metals

Armenian Ardshininvestbank joins new money transfer Avers system

Banks
Ardshininvestbank started servicing a news system of international money transfers – AVERS, the bank’s press service told ARKA Agency

Private transfers to Armenia grew by 10.9% to over $1.5bln in 11 months

Exchange market
Private transfers to Armenia grew by 10.9% to over 1.5 billion USD in January-November 2012, as compared to the same period of the year before, the Central Bank of Armenia reported

Armenian banks’ investments in Government securities dropped to 144.6bln drams in November

Banks
Armenian commercial banks invested a total of 144.6bln drams in government securities by the end of November 2012, reports the webpage of the Central Bank of Armenia. It is an increase of 7.9% as compared to October

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Latest news

Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

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.

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