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Daily Archives: Apr 14, 2017

Anelik bank places third issue of nominal coupon bonds worth one billion drams

Banks
The Yerevan-based Anelik bank placed entirely the third issue of one billion drams worth nominal coupon bonds with a face value of 50,000 drams, an annual yield of 12.25% and a maturity period of 24 months at NASDAQ OMX Armenia stock exchange before the deadline

Armenia’s total state debt increased by $35 million in one month

Economy
Armenia’s total state debt stood at $5.996.2 billion in late March 2017, having increased by 0.59% or $35 million from the previous month, according to numbers, released by the ministry of finance

Armenia in need of moderate inflation around 4%

Economy
Armenia needs a moderate inflation rate, around the 4% projected in the 2017 government budget, Vardan Aramyan, finance minister, told journalists on Thursday

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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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