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Daily Archives: Sep 2, 2016

Moody’s confirms rating of Unibank’s long-term deposits at B3, changing outlook to ‘Positive’

Banks
Moody’s Investors Service rating agency confirmed the rating of Unibank’s long-term deposits in drams and foreign currencies at B3 in August 2016, changing the outlook to ‘Positive’, the bank’s press office reported on Friday

Armenia’s monetary base grows 7.7% to AMD 836.9 billion in July 2016

Economy
Armenia’s monetary base grew 7.7% in July 2016, compared with June, to AMD 836.9 billion, the National Statistical Service told ARKA News Agency referring to the central bank’s preliminary report

Additional stocks of Armeconombank listed on NASDAQ OMX Armenia

Banks
Ordinary registered stocks of Armeconombank’s additional issue were listed at NASDAQ OMX Armenia and included in the stocks B list, the stock exchange’s press office reported on Thursday

Central bank of Armenia buys $52.6 million to neutralize short-term volatility

Banks
The Central Bank of Armenia bought $52.6 million at the second quarter to neutralize short-term volatility at the forex market, the regulator says in its monetary policy performance report for the second quarter

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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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