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Daily Archives: Jul 21, 2023

Loan portfolio of Armenian banks exceeds AMD 4.5 trillion

Banks
The loan portfolio of all 18 Armenia-based commercial banks grew by 8% during the first half of 2023 to over AMD 4.5 trillion as of 30.06.2023

ARKA news agency releases recurrent ranking of most profitable banks in Armenia

Banks
ARKA news agency has released a fresh edition of the ranking of the most profitable commercial banks in Armenia in the first half of 2023

Net profit of Armenian banks in first half of 2023 amounts to 142 billion drams

Banks
In the first half of 2023 Armenia-based banks earned 142 billion drams in net profit, a 25% increase compared to the same time span in 2022

ArmBanks.am - ARKA News Agency financial-banking portal
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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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