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Daily Archives: May 31, 2019

EDB’S loan portfolio increases to us $3.44 billion

Banks
The annual meeting of the Eurasian Development Bank’s (EDB) Council took place in Nur-Sultan alongside the meeting of the EAEU heads of state, the bank said in a news release

Central bank issues commemorative coins dedicated to painter Makhokhyan

Banks
Armenia’s Central Bank has issued commemorative silver coins "Vardan Makhokhyan-150". The bank said it has issued 500 coins with the face value of 100 drams

Georgian citizen of Armenian origin charged with armed robbery against Armenian bank employee

Banks
A 33-year-old Georgian citizen of Armenian origin is charged by Armenia’s; aw-enforcement authorities with armed robbery against an employee of VTB Bank (Armenia) in Yerevan

Armenia to reduce bankruptcy costs and duration

Economy
The government of Armenia looked today into a set of proposed amendments to the Law on Bankruptcy, adopted back in 2006, which call for reducing the costs and duration of the bankruptcy process

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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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