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Daily Archives: May 20, 2015

Armenia-based banks’ average returns on assets falls to 0.27% in quarter one

Banks
Armenian commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, fell to 0.27% in the first quarter of 2015 from 0.91% in late December 2014

Armenia’s inflation 5% in January-April

Economy
Consumer prices rose by 5% in Armenia in January-April this year, compared to the same period of 2014, the National Statistical Service told ARKA

ARKA News Agency releases fresh issue of ‘Insurance Companies of Armenia’, Q1

Insurance
ARKA News Agency has released a fresh issue of its regular bulletin “The Insurance Companies of Armenia” for the first quarter of 2015

Armenia’s insurance companies posted 631.6 mln drams in net profit in Q1

Exchange market
Armenia’s insurance companies posted 631.6 million drams in net profit as of the end of the first quarter 2015, as compared to 900.5 million in profit in the same period of the year before, according to ARKA’s “Insurance companies of Armenia” quarterly bulletin for Q1 2015

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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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