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Daily Archives: Jan 17, 2018

Armenia and Russia boast lowest inflation across Eurasian Economic Union

Economy
Armenia and Russia boasted the lowest inflation rates (consumer price index) in 2017 across the Eurasian Economic Union (EEU) that includes also Belarus, Kazakhstan and Kyrgyzstan, the Eurasian Economic Commission

Converse Bank introduces converse mobile service

Banks
The Yerevan-based Converse Bank has introduced the Converse Mobile service, designed for customers to manage their accounts at any time of the day from anywhere in the world by downloading a mobile application from the App Store or Play Market

Unibank’s assets exceed AMD 200 billion

Banks
Unibank in 2017 enjoyed a fast growth in all segments of its activity and built up its assets to more than AMD 200 billion, the bank’s press office reported on Wednesday

Armenian central bank puts 2017 GDP growth at 6.4 percent

Economy
Armenia’s Central Bank had revised upward its GDP growth forecast for 2017 to 6.4%, up from its previous forecast of 4.6%. The higher forecast was announced during a meeting of the Central Bank’s Board, held on December 26, 2017

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Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

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%).

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