Inflation in Armenia is likely to approach the Central Bank’s projected target interval by the end of the first half of the year, the Eurasian Development Bank (EDB0 said in its weekly macroeconomic review
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Archive for February, 2024
Inflation in Armenia may approach projected target interval in late H1 - EDB
Monday, February 12th, 2024Stepan Gishyan charity ffoundation starts accepting 2024 grant competition applications
Friday, February 9th, 2024The Stepan Gishyan charity foundation, run by Acba Bank, has announced today another grant competition, designed for legal entities, the press service of the Acba Bank reported
Deposits in Armenian banks amounted to AMD 5.7 trillion at the end of December 2023 - statistics
Friday, February 9th, 2024The amount of deposits in Armenia’s banks at the end of December 2023 amounted to over 5.6 trillion drams against about 5.4 trillion drams in September, according to the National Statistical Committee
Acba Federation organizes annual incubation fellowship program for the 7th tim
Thursday, February 8th, 2024In cooperation with Impact Hub Yerevan, Acba Federation organizes an annual incubator fellowship program for the 7th time.
Armenian banks' lending in late December 2023 stood at AMD 5,3 trillion
Thursday, February 8th, 2024YEREVAN, February 8. /ARKA/. Armenian banks’ lending volume amounted to AMD 5.3 trillion at the end of December 2023 against AMD 5 trillion at the end of September, the National Statistical Committee said.
Both figures include extended and overdue loans, it said.
Loans issued in foreign currency amounted to AMD 1.88 trillion equivalent at the end of December 2023 against AMD 1.76 trillion in September, while loans in AMD amounted to AMD 3.43 trillion against AMD 3.29 trillion in September.
The volume of loans extended by banks to non-residents amounted to AMD 269.8 billion against AMD 260.3 billion in September, while the volume of loans to residents amounted to AMD 4.88 trillion against AMD 4.59 trillion in September.
The volume of loans to residents in AMD amounted to AMD 3.21 trillion in December against AMD 3.02 trillion in September, while the volume of loans in foreign currency amounted to the equivalent of AMD 1.67 trillion against AMD 1.57 trillion in September.
The volume of loans issued by credit organizations at the end of December amounted to 320 billion drams against 295.5 billion in September.
Loans to non-residents amounted to AMD 11.5 billion against AMD 16.2 billion in September, while the volume of loans to residents amounted to AMD 279.3 billion against AMD 280.1 billion in August.
Loans to residents in AMD amounted to AMD 308.4 billion vs. AMD 279.3 billion in September, and loans in foreign currency amounted to the equivalent of AMD 85.7 billion vs. AMD 67.7 billion in September. ($1 – AMD 404.47) -0-.
Armenia's state debt-to-GDP ratio drops to 47% in 2023 - Renaissance Capital
Thursday, February 8th, 2024Armenia’s public debt-to-GDP ratio has “impressively improved from 67% in 2020 to 47% in 2023,” Renaissance Capital analysts said in their study of the economies of six CIS countries – Armenia, Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan
Renaissance Capital believes that refinancing rate in Armenia may be reduced to 7% in 2024 and 5% in 2025
Thursday, February 8th, 2024Renaissance Capital believes that the Central Bank of Armenia may reduce the refinancing rate to 7% in 2024 and 5% in 2025
Deflation of 0.6% registered in Armenia in 2023
Wednesday, February 7th, 2024A 12-month (January 2024 vs. January 2023) deflation of 0.9% has been registered in Armenia’s consumer market, the National Statistical Committee (NSC) says
Armenia's total public debt rose to $11.8 bln in 2023
Tuesday, February 6th, 2024Armenia’s total public debt as of December 31, 2023, stood at over $11.8 billion, up from over $10.6 billion in late December , 2022, the National Statistical Committee said
Ardshinbank announces agreement to acquire HSBC Armenia
Tuesday, February 6th, 2024Ardshinbank, the largest Armenian banking group, is today announcing it has reached a binding agreement with HSBC Europe B.V., a subsidiary of HSBC Holdings plc, to acquire its fully owned banking subsidiary in Armenia
