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Daily Archives: Feb 19, 2021

AraratBank greets its bookworm-customers with books

Banks
Today, on the occasion of the birthday of the greatest Armenian poet Hovhannes Tumanyan, which is marked also as the Book Donation Day, AraratBank presented books to its book-loving customers

Heads of Armenian banks compile list of motivating books

Banks
The heads of Armenian commercial banks compiled a list of 'motivating' books that was unveiled today, marked in Armenia as the Book Donation Day, the Union of Banks of Armenia said

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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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