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Daily Archives: May 15, 2015

Ranking of biggest profit-gainers among Armenia’s commercial banks in Q1 2015

Announces
ARKA News Agency’s analysis shows that 14 of Armenia’s 21 commercial banks ended the first quarter of this year with profits. Their aggregate net profit amounted to about AMD 8.5 billion in the period, as compared to AMD 11.3 billion earned by 16 banks in the same period of 2014

Kamurj credit organization’s head elected MFN board member

Economy
Armenian Kamurj credit organization said today in a press release that its director Gagik Vardanyan has been elected as a board member of MicroFinance Network (MFN) to represent the Eastern European countries

VTB Bank (Armenia) improves its deposit product line

Banks
VTB Bank (Armenia) has improved its deposit product line, the bank’s press office reported

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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.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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