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Daily Archives: Dec 22, 2017

Some 400 billion drams worth transactions made by Armenian plastic cards

Banks
All types of plastic cards were used in Armenia in the third quarter of 2017 to make a total of 399.9 billion drams worth transactions, by 8.7% more than in the same time span of 2016, the Central Bank reported today

Armeconombank signs $10 million loan agreement with German DEG

Banks
Yerevan-based Armeconombank has signed a loan agreement with Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to the tune of $10 million, a statement on the bank’s website says

USD – denominated coupon bonds by Anelik bank listed on NASDAQ OMX Armenia

Capital market
Starting from December 22, 2017, USD-denominated coupon bonds issued by “ANELIK BANK” CJSC will be listed on NASDAQ OMX Armenia and included in the bonds main Abond list, the stock exchange said

ACBA-CREDIT AGRICOLE BANK to place AMD 1 billion worth bonds

Banks
ACBA-CREDIT AGRICOLE BANK embarked Thursday on placement of coupon non-documentary bonds totaling AMD 1 billion, the bank’s press office reports

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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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