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Daily Archives: May 21, 2015

Banks’ capital adequacy rate rises to 15.1% in Armenia in March 2015 as capital grows and assets reduce

Banks
Banks' capital adequacy rate (total capital/risk weighted assets) rose to 15.1% in Armenia in March 2015 as capital grew and assets reduced

Government asks central bank to reconsider its agricultural and inflation projections

Economy
The Armenian government has asked the Central Bank to revise upward its earlier forecast for agricultural growth and downward its inflation prediction, deputy finance minister Vakhtang Mirumyan told a Cabinet session today

Six banks fined $5.6bn over rigging of forex markets

Banks
Six global banks will pay more than $5.6bn to settle allegations that they rigged foreign exchange markets, in a scandal the FBI said involved criminality “on a massive scale”, ft.com 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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