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Daily Archives: Aug 6, 2013

Australian Central Bank cuts key rate to record low

Banks
The Australian central bank on Tuesday cut rates for the eighth time in less than two years in a bid to improve sluggish growth as a boom in mining investment over the past decade comes to an end, Reuters reported

Armenian banking system’s cash receipts total 2,962.5bln drams in first half of 2013

Banks
Cash receipts of Armenia’s banking system amounted to 2,962.5 billion drams in the first half of 2013, an increase of 8.5% compared to the same period of the year before, ArmStat reported

Russian’ foreign trade surplus dropped by 10.5% in 6 months

Economy
Russia’s foreign trade surplus (including trade with Belarus and Kazakhstan) fell by 10.5% to 103.267 billion dollars in January-June

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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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