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Bank of Russia predicts 10% slowdown in consumer lending

YEREVAN, September 22. / ARKA /. The Russian Central Bank predicts a 10% slowdown in consumer lending by the end of 2015, the Russian Central Bank Director of the Financial Stability Sergey Moiseev said Tuesday, Prime reported.

“Now the market is in a recession. By the end of 2015 we expect consumer lending to decrease by 10%, followed by recovery in mid-2016,” he said.

Moiseev also noted that the POS-lending in Russia has essentially “died”. “But mortgage is doing better than expected,” he added. -0-

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Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

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In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

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Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

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