Head of the Armenian Central Bank Martin Galstyan does not think that the outpacing growth of time deposits in AMD indicates any ‘tectonic’ shifts or abrupt developments in the market.
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Archive for January, 2024
Outpacing growth of time deposits in AMD does not indicate 'tectonic' shifts - Central Bank of Armenia
Wednesday, January 31st, 2024Armenian banks' return on equity in 2023 dropped to 13.5% - Central Bank governor
Wednesday, January 31st, 2024In 2022 the return on equity (ROE) of Armenia’s banking sector was 21.7%, while in 2023 it dropped to 13.5%, Chairman of the Central Bank Martin Galstyan said Tuesday
Consumer and mortgage loans in Armenia grow to over AMD 1 trillion in 2024 - Central Bank
Wednesday, January 31st, 2024Consumer and mortgage loans issued by Armenia-based comemrcial banks have grown to more than AMD 1 trillion each in early 2024, the head of the Central Bank Martin Galstyan said Tuesday
Rostelecom Armenia and NUACA launch Cloud Video Surveillance Service
Tuesday, January 30th, 2024Director General of Rostelecom Armenia Hayk Faramazyan and Rector of the National University of Architecture and Construction of Armenia (NUACA) Yeghiazar Vardanyan signed a “Memorandum of Cooperation” on January 29 this year, the press service of Rostelecom Armenia reported
Galstyan names two factors that influenced Central Bank's decision to lower refinancing rate
Tuesday, January 30th, 2024The Chairman of the Central Bank of Armenia Martin Galstyan said today that two factors influenced the regulator’s decision to lower the refinancing rate by 0.5 percentage points today, setting it at 8.75%. This is the 6th downgrade since June last year
Central Bank of Armenia lowers refinancing rate by 0.5 percentage points to 8.75%
Tuesday, January 30th, 2024Armenian Central Bank has lowered today the refinancing rate by 0.5 percentage points, setting it at 8.75%, the regulator’s press service reported
Fitch expects inflation in Armenia to rise to 3.9% on average in 2024-2025
Monday, January 29th, 2024Price growth fell into deflationary territory in Armenia in 2023 (December: -0.6%), as the effects of a strong dram, lower international food prices, and the lagged impact of a tight monetary policy were felt. Fitch’s expectation of a weaker dram will result in higher inflation in 2024-25, averaging 3.9% (target: 4%), Fitch Ratings said in a report
Fitch: Armenian government’s general debt amounted to an estimated 48.2% of GDP at end-2023
Monday, January 29th, 2024Armenian government’s general debt (GGD) amounted to an estimated 48.2% of GDP at end-2023 (‘BB’ median: 52%).Fitch Ratings said in a report.
Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.
Monday, January 29th, 2024Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook
Armenian banks' loan portfolios in 2023 amounted to AMD 5.15 trillion
Friday, January 26th, 2024The total volume of loans issued by Armenian banks in 2023 amounted to AMD 5.15 trillion, up from AMD 4.21 trillion issued a year earlier, according to the Central Bank
