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Tag: banking secrecy

Banking secrecy in Armenia guaranteed, MP says

Banks admin -
Babken Tunyan, the head of an Armenian parliamentary committee on economic affairs, downplayed today fears that the banking secrecy will be used for purposes not prescribed by law

Armenian law-enforcement bodies’ access to banking secrecy expands

Banks admin -
Armenia's National Assembly has approved today in the second and final reading a set of amendments to the laws on criminal procedure and on bank secrecy. Before coming into force they need to be signed into law by the president of the country

ArmBanks.am - ARKA News Agency financial-banking portal
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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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