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Daily Archives: May 8, 2015

Ardshinbank opens its renewed branch in Abovyan

Banks
Ardshinbank opened Thursday its revamped branch in August 23 Street 1/2 the town of Abovyan, the press office of the bank reports

ROSGOSSTRAKH ARMENIA congratulates World War II veterans on 70th anniversary of victory

Loans
ROSGOSSTRAKH ARMENIA has congratulated Great Patriotic War (World War II) veterans on the 70th anniversary of the victory, the press office of the company reports

Consumer prices in Armenia in April 2015 were 4.8% higher than in April 2014

Economy
Consumer prices in Armenia in April 2015 were 4.8% higher than in April 2014, according to the latest numbers, released today by the National Statistical Service (NSS)

Private remittances to Armenia in three months of 2015 slash by 37.6% to $206.3 million

Banks
Private remittances to Armenia for non-commercial purposes in the first three months of 2015 have slashed by 37.6% from the year before to $206.3 million, according to the monthly bulletin of the Central Bank for March 2015

Loan investments by Armenian banks drop to AMD 1, 893.7 billion in March, overdue loans rise

Banks
Total loan investments by Armenia-based commercial banks dropped by 5% to 1,893.7 billion drams in March as compared to the beginning of the year, while overdue loans increased by 14.2%, the National Statistical Service (NSS) reported

Armenian Central Bank’s total external liabilities in March drop to $553.7 million

Banks
Armenian central bank’s total external liabilities in March 2015 stood at $553.7 million, 0.4% lower from the previous month, according to the regulator’s monthly bulletin

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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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