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Deflation of 0.5% registered in Armenia in November on an annualized basis

YEREVAN, December 5. /ARKA/. Consumer prices in Armenia in November 2023 were down 0.5% as opposed to November 2022, but compared to October 2023 they were up 0.5%. according to the numbers, released by the National Statistical Committee (NSC).

At the same time, prices increased by 2.2% for January-November 2023 compared to the same period in 2022.

Armenian government’s growth projection for 2023 is 7%. Inflation is envisioned at 4% (±1.5%). Economic activity grew by 9.2% year-on-year in the first 10 months. According to the Central Bank’s September forecast, Armenia’s economy will grow by 7.2% this year and the 12-month inflation will be around 0% -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Deposits in Armenian banks at the end of 2024 amounted to AMD 6.46 trillion

The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.

Euro exchange rate rises 0.64 points to AMD 411.8

The average market exchange rate of the U.S. dollar to the Armenian dram on February 7, 2025, totalled 396.76 drams, down 0.07 points compared to February 6.

Armenian banks’ lending in 2024 exceeded 6.5 trillion drams

The volume of loans issued by commercial banks in Armenia as of the end of December 2024 amounted to 6,538,702 million drams, compared to 6,016,519 million drams at the end of September, according to a report by the National Statistical Committee of the country.

Fitch Ratings affirms ACBA Bank’s  Long-Term Foreign-Currency  Issuer Default Rating at ‘BB-‘ 

Fitch Ratings has affirmed ACBA Bank OJSC's (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' and its Viability Rating (VR) at 'bb-'.

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