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Daily Archives: Apr 25, 2017

Gold buying price in Armenia ups to 18,205.63 drams per one gram

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, set new prices for government agencies to buy and sell precious stones and metals which were effective from April 17 to April 23, 2017

ACBA-CREDIT AGRICOLE BANK tells the success story of a hard-working farmer from the village of Hatis

Banks
ACBA-CREDIT AGRICOLE BANK told the success story of one of its clients - a hard-working farmer from the village of Hatis in Kotayk region of Armenia

$75.8 million bought by Armenian banks last week

Banks
Armenia’s commercial banks bought around $75.8 million from the local foreign currency market on April 17 to 21 at the average weighted exchange rate of 484.48 drams per one USD, the Central Bank of Armenia reported on Monday

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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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