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Daily Archives: Aug 30, 2013

Areximbank – Gazprombank Group’s loan portfolio built up 5.5% over 2nd Q to AMD 94.7 billion

Banks
Areximbank – Gazprombank Group’s loan portfolio, including credit lines, reached AMD 94.7 billion by late June after growing 5.5% or by AMD 5.1 billion over the second quarter, the bank’s press office reported today

Money stock in Armenia grows 2.1% to about AMD 1412.2 billion in July

Economy
Money stock in Armenia reached about AMD 1412.2 billion in late July after growing 2.1% over one month, according to the National Statistical Service’s report based on the central bank’s figures

Finance ministry: Armenia’s seven-month budget performed with AMD 51 billion surplus

Economy
Armenian government has performed the Jan-July part of the 2013 budget with AMD 51.1 billion surplus, the press office of the finance ministry reports

Armenia’s monetary base grown 10% over July

Economy
Armenia’s monetary base grew 10% in July 2013, compared with the previous month, to about AMD 724.9 billion, the National Statistical Service of Armenia reports referring to the central bank’s figures

Trade lending by Armenia’s banks drops by 1.5% to AMD 346.9 bln in Q2

Banks
Trade lending by Armenia’s commercial banks shrank by 1.5% to about 346.9 billion drams as of the end of June 2013, compared to the quarter before

Armenia’s gross international reserves rose 8.9% to $1,749.5 mln in July

Economy
Armenia’s gross international reserves totaled $1,749.5 million in July, an increase of 8.9% compared to June, the Central Bank of Armenia reports

Asia stocks subdued as Japan data, Syria weigh: AP

Capital market
Asian stock markets were subdued Friday after Japanese manufacturing undershot expectations and worries about Syria's civil war dampened investor spirits

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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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