Central Bank of Armenia: Deposits in the banking system of Armenia slightly decreased Tuesday, October 27 2020 20:15:00
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 ArmInfo. There is a slight decrease in deposits in the banking system of Armenia. This was announced on October 27 during a press conference by the Chairman of the Central Bank of the Republic of Armenia Martin Galstyan, noting that the share of reduced deposits in the structure of deposits is scanty - about 1%. |
Tuesday, October 27 2020 18:53
ArmInfo.The Central Bank of Armenia did not make interventions (since May 2020 - ed. note). Chairman of the Central Bank of Armenia Martin Galstyan stated this at a press conference on October 27. >>> |
Tuesday, October 27 2020 15:20
ArmInfo.. At a plenary session on October 27, the Armenian Parliament ratified a draft letter of agreement with the German bank KfW on the postponement of the payment of tranches on a loan of 50 million euros. >>> |
Tuesday, October 27 2020 15:18
ArmInfo. Armenia will attract $ 17.9 million from the International Bank for Reconstruction and Development to implement the program of social investments and local development. At a plenary session on October 27, the Armenian parliament ratified the corresponding agreement with the Bank. >>> |
Tuesday, October 27 2020 15:17
ArmInfo.The timing of the start of payments of tranches on the loan from the German KfW bank attracted by Armenia will be extended until December 30, 2022. The National Assembly of Armenia at the October 27 session ratified the letter of agreement with the Bank. >>> |
Tuesday, October 27 2020 13:58
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Tuesday, October 27 2020 12:13
ArmInfo. The Central Bank of Armenia has kept the refinancing rate at 4.25%. As ArmInfo was told in the press service of the Central Bank of Armenia, this decision was made on October 27 at a meeting of the Central Bank Council. >>> |
Friday, October 23 2020 13:58
ArmInfo.The timing of the start of interest rate payments on the loan from the German bank KfW attracted by Armenia will be extended until December 30, 2022. The Commission on Financial-Credit and Budgetary Issues of the Armenian Parliament issued a positive opinion on the letter-agreement with the Bank submitted for ratification. The issue will be considered at the plenary session of the RA National Assembly. >>> |
Friday, October 23 2020 13:30
ArmInfo. Armenia will attract $ 17.9 million from the International Bank for Reconstruction and Development to implement the program of social investments and local development. The Parliamentary Commission on Financial-Credit and Budgetary Issues at a meeting on October 23 issued a positive opinion on an agreement with the Bank, recommending to the National Assembly at a plenary meeting to ratify the submitted document. >>> |
Sunday, October 18 2020 23:36
ArmInfo. In August 2020, the real effective exchange rate of the dram to the basket of currencies of the states - the main trading partners of Armenia decreased by 0.6%, and the nominal effective exchange rate - by 0.3%, thereby fixing a slight weakening of the national currency. >>> |
Monday, October 12 2020 14:53
ArmInfo.Armenia's gross international reserves (GIR) increased in September 2020 compared to September 2019 by 1.5% or by $ 35.7 million (against 12% growth in the previous year), amounting to $ 2.443 billion. >>> |
Thursday, October 8 2020 20:07
ArmInfo. The escalation of the conflict in Nagorno-Karabakh may lead to the withdrawal of deposits in the banks of Armenia and Azerbaijan and the weakening of the dram and manat, Moody's said. >>> |
Thursday, October 8 2020 11:19
ArmInfo. On October 7, a remote plenary meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) was held, at which decisions were made on the framework of the Strategy and capital for 2021-2025. and EBRD report. >>> |
Wednesday, October 7 2020 16:28
ArmInfo. According to the new forecast of the World Bank for 2020, the decline in Armenia's GDP will be 6.3%, against the previously expected 2.8% and actual 7.6% growth in 2019. In 2021, the WB expects Armenia's GDP to grow by 4.6%. This is noted in the WB report "Europe and Central Asia Economic Update" published on October 7, which indicates new expectations for a decline in GDP in the ECA region in 2020 by 4.4%, with growth in 2021 at 3.3 %. >>> |
Wednesday, September 30 2020 21:24
ArmInfo. The Central Bank of Armenia slightly improved its forecast for 2020 for a decline in the inflow of private transfers to 19-22% from the previously expected 22- 25%. This is set out in the Central Bank's Monetary Policy Program for the Q3 of 2020, published on August 30, where the forecast for Armenia's GDP for 2020 was revised towards a larger decline by 6.2%, against the previously predicted 4% decline. The Central Bank causes a slight improvement in the outlook for individual remittances by a significantly lower than expected decline in their volume in the second quarter. >>> |
Monday, September 28 2020 18:13
ArmInfo.The Central Bank of Armenia provides bank details for donating funds to the All-Armenian Fund. Information about this is posted on the website of the Central Bank of the RA. >>> |
Saturday, September 26 2020 12:23
ArmInfo.The volume of dollar transactions in the foreign exchange interbank of Armenia from September 22 to September 25, 2020, decreased by 34.8%, after growing by 55.6% in the previous week (September 14-18). At the same time, in the intrabank foreign exchange market during the reporting week, dollar-denominated transactions went into decline, in euro transactions, purchases fell into recession amid a slowdown in sales growth, and in ruble transactions, the growth in purchases slowed down while sales entered growth. The exchange currency platform continues to be idle. As a result, from September 22 to 25, the dram continued to revaluate against the dollar - from 485.5 to 485 AMD / $ 1, maintaining the same trend towards the euro - from 575.5 to 565.5 AMD / 1 EUR, while intending to revalue against the ruble - from 6.5 to 6.3 AMD/ 1 RUB. A year earlier, as of September 25, 2019, the AMD exchange rate against the dollar was 476 AMD / $ 1, against the euro - 523 AMD / 1 EUR, and against the ruble - 7.5 AMD / 1 RUB, which, in comparison with the current exchange rates, indicates the y-o-y devaluation of the AMD against the dollar and euro, in case of revaluation against the ruble. >>> |
Friday, September 25 2020 20:19
ArmInfo. ARARATBANK announced rebranding, marking the beginning of a new historical stage, for the bank itself, in particular, and the entire banking system of Armenia in general. Symbolically, the event was organized at the height of 2851 meters above sea level, on the top of Mount Teghenis, which offers an incredible view of the biblical Mount Ararat, Lake Sevan, Mount Arai Ler, Geghama Range and 4 peaks of Mount Aragats. >>> |
Friday, September 25 2020 18:21
ArmInfo. Despite the significant stress associated with the coronavirus, Armenia's banking system has shown itself to be stable. Chairman of the Board of Directors of ARARATBANK Grigor Hovhannisyan, Chairman of the Bank's Council, expressed a similar opinion to journalists at the event dedicated to the rebranding of ARARATBANK on September 24. >>> |
Thursday, September 24 2020 20:31
ArmInfo. The Central Bank of Armenia opposes the limitation of the upper threshold of credit interest rates of credit companies, seeing this as an undermining of market mechanisms and a threat to the stability of the financial system. Central Bank Deputy Chairman Nerses Yeritsyan stated this in his speech at the parliamentary hearings on "Application of fines and penalties on overdue loan obligations, interest rates on loans, amnesty and other credit problems in the banking system of Armenia". >>> |
Thursday, September 24 2020 14:39
ArmInfo. In 8 months of 2020, the shortfall in tax revenues to the state budget of Armenia amounted to about 49 billion AMD. On September 24, the Chairman of the State Revenues Committee of the RA Edward Hovhannisyan told reporters at the end of the government meeting. >>> |
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