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Daily Archives: Feb 3, 2021

The 12-month inflation in Armenia in January 2021 was 4.5 percent

Economy
Armenian consumer market prices in January 2021 grew by 4.5% as opposed to January 2020 (12-month inflation rate), according to the latest numbers, released today by the National Statistical Committee (NSC). The NSC said consumer prices in January 2021 grew by 2.2% from December last year

AraratBank signs a 5 mln USD bilateral agreement

Banks
AraratBank and BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund concluded a bilateral loan agreement for a total amount of USD 5 million to support MSMEs affected by COVID-19 in Armenia, the bank's press service said in a press release today

Demand for commercial bank loans may drop in 2021, Armenian central bank chairman says

Banks
The demand for commercial bank loans in Armenia in 2021 may drop, the chairman of the Central Bank Martin Galstyan told reporters on Tuesday

Armenian banks have enough capital to resists risks

Banks
Armenian banks have sufficient capital to resist potential risks and there is nothing that could jeopardize the country's financial stability, the chairman of the Central Bank Martin Galstyan told reporters on Tuesday

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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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