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Daily Archives: May 27, 2015

Demand for all types of loans to grow, Central Bank predicts

Banks
Armenia’s Central Bank said today it expects the demand for all types of loans to increase in the second quarter of the year. A Central Bank survey involving local banks and commercial organizations, found that the banks toughened lending terms in the first quarter of 2015

Buying price of gold in Armenia drops by 0.3% to 17,132.07 drams per gram

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week

European Central Bank leaves level of emergency cash available to Greek banks unchanged from a week ago

Banks
YEREVAN, May 27. / ARKA /. The European Central Bank left the level of emergency cash available to Greek...

Non-performing loans in Armenian banks reach 6.8% in 2014 compared to 4.5% in 2013

Banks
The portion of non-performing loans in Armenia’s commercial banks was 6.8% in 2014, as compared to 4.5% in 2013, said Andranik Grigoryan

Decline in interest rate spread to slow down in Armenia – central bank

Banks
The reduction in loan and deposit interest rate spread will slow down, said Andranik Grigoryan, the head of financial system stability and development at the Central Bank of Armenia (CBA)

Central bank’s assets slash by 0.9 percent in Armenia in Q1

Banks
Armenia’s Central Bank said on Monday its total assets have slashed by 0.9 percent (12 billion drams) in the first quarter from the beginning of the year to 1,353 billion drams as of March 31

Armenian banks extend fewer consumer loans, focus on business loans instead – central bank

Banks
Armenian banks started extending fewer consumer loans and currently focus on business lending

Areximbank offers internet banking at new rates

Banks
Areximbank – Gazprombank Group announces new prices for its Internet banking services as from June 1, 2015, the bank’s press office reported

Armenian dram rate quite stable – central bank

Exchange market
The Armenian dram rate is quite stable, head of financial system development and stability at the central bank Andranik Grigoryan told reporters on Tuesday

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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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