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Daily Archives: Jul 6, 2023

Deposit Plus with retention of interest: New special offer from Byblos Bank Armenia

Banks
As part of its 15th anniversary campaign this year, Byblos Bank Armenia is introducing its 2nd special offer for term deposits, the Deposit Plus, giving customers the benefit of retaining interest even in the event of withdrawing the funds before maturity

VTB (Armenia) opens new office for corporate clients

Banks
VTB (Armenia) has opened the Moskva branch for corporate clients in a new modern office in the center of Yerevan

Armenian government to subsidize companies for going public

Capital market
The Armenian government will subsidize those companies, which will go public and become a publicly-traded and owned entity. A decision to this effect was made at Thursday's government session

Armenian consumer prices down 0.5% in 12 months -NSC

Economy
Consumer prices in Armenia in late June 2023 were down 0.5% as opposed to June 2022, the National Statistical Committee (NSC) said in a report today.

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Latest news

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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