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Daily Archives: Sep 7, 2022

Total lending of Armenian banks grows to 3.96 trillion drams in late July, 2022

Banks
The total lending of 17 Armenia-based commercial banks at the end of July 2022 stood at more than 3.96 trillion drams, up from 3.9 trillion drams in late June, according to the numbers, released today by the National Statistical Committee (NSC)

Armenia has high inflation, but there is no crisis – Pashinyan

Economy
Armenia has been experiencing high inflation affecting the social situation in the country, Armenian Prime Minister Nikol Pashinyan said, speaking at a plenary session of the 7th Eastern Economic Forum in Russian Vladivostok on Wednesday

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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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