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Daily Archives: Dec 15, 2017

“Organic Agricultural Development” 2017-2018 program winners named

Banks
The Yerevan-based ACBA-CREDIT AGRICOLE BANK and the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany

Accumulated Chinese investments in Armenia are about $1 million

Economy
The amount of accumulated Chinese investments in Armenia is about $1 million, deputy foreign minister Robert Harutyunyan told journalists on Friday

New money transfer service is available to holders of VTB Bank (Armenia) cards

Banks
A new service launched by the Russian VTB Group enables customers of any Russian bank to make instantaneous money transfers to the banking cards of VTB's subsidiaries

Ardshinbank signs $25 million trade finance facility with Citi and ADB

Banks
Ardshinbank has signed a $25 million one-year Club Trade Finance Facility arranged by Citi with Asian Development Bank (ADB)

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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.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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