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USD: 396.58 RUB: 4.04 EUR: 413.36 GEL: 140.63 GBP: 497.27
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Daily Archives: Apr 21, 2017

Ranking of Armenian banks by size of net profit in Q1, 2017

Banks
YEREVAN, April 21. /ARKA/. ARKA news agency has released a recurrent ranking of the most profitable commercial banks of...

Net profit of Armenia’s banking sector amounts to AMD 10.87 billion in 1st Q 2017

Banks
The net profit of Armenia’s banking sector amounted to AMD 10.87 billion in the first quarter of 2017 against AMD 6 billion in the first quarter of the previous year - 80.68 percent year-on-year growth

Unibank employees participate in CyberCentral conference in Prague

Banks
Employees of the Yerevan-based Unibank's information security department traveled recently to Prague, the Czech Republic, to participate in an international CyberCentral conference, devoted to cyber security problems, the bank's press service reported

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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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