Quarterly review (second quarter, 2013)
2013-09-13 10:19
Financial System of the Republic of Armenia in Q2, 2013
Banks functioning in the Republic of Armenia
As of 30.06.2013, there were 21 commercial banks with a total of 476 branch offices, and a development bank (All-Armenian Bank), functioning in the territory of the Republic of Armenia. In the period under review the banking sector indicators remained performing well.
Total capital of commercial banks
In the second quarter of 2013 total capital of the banking sector grew by 1.9...
Statistical overview (July. 2013)
2013-09-05 11:15
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Inflation report 2013/3 (Monetary Policy Program Q3 2013, Status report on Implementation of the Monetary Policy Program Q2 2013)
2013-08-13 18:50
Executive summary
The second quarter of 2013 was remarkable for high inflationary environment determined by events (heavy hails and partly postponed vegetation period) in agriculture as well as some rise in service prices that time. As a result, the 12-month inflation rate in end-June was 6.5%, above the upper bound of the confidence band. Moreover, during the quarter the 12-month inflation went an up-sloping path, from 4.2% in the previous quarter to 5.5%, which was mainly due to the rise in...
The Board of the CBA raised the refinancing rate by 0.5 percent
2013-08-13 11:10
The Board of the CBA raised the refinancing rate by 0.5%
In the August 13th of 2013 Meeting the Board of CBA decided to raise the Refinancing Rate of CBA by 0.5pp, setting it at 8.5 percent.
There was 0.4 percent inflation recorded in July of 2013 mainly due to the rise of energy tariffs. With the 1.5 percent deflation reported for same period of the previous year this led to the increase of the 12-month inflation up to 8.5 percent at the end of July. The CBA decision is aimed to anchor the...
Statistical overview (June. 2013)
2013-08-09 11:13
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Statistical overview (May. 2013)
2013-07-15 11:12
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
The Board of the CBA left the refinancing rate unchanged 8 percent
2013-06-25 11:07
Interest rate unchanged, 8 percent
In the June 25th of 2013 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 0.02 percent deflation recorded in May of 2013. With the 1.3 percent deflation reported for the same period of the previous year, this led to the increase of the 12- month inflation up to 5.2 percent at the end of May.
The Board acknowledged that there was further slowing of the economic growth rates in the external environment....
Quarterly review (first quarter, 2013)
2013-06-24 23:18
Financial System of the Republic of Armenia in Q1, 2013
Banks functioning in the Republic of Armenia
As of 31.03.2013, there were 21 commercial banks with a total of 476 branch offices, and a development bank (All-Armenian Bank), functioning in the territory of the Republic of Armenia. In the period under review the banking sector has been active enough in the lending market.
Total capital of commercial banks
In the first quarter of 2013 total capital of the banking sector grew by...
Statistical overview (April. 2013)
2013-06-06 11:09
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Inflation report 2013/2 (Monetary Policy Program Q2 2013, Status report on Implementation of the Monetary Policy Program Q1 2013)
2013-05-31 18:29
Executive summary
The potential of economy further trended upward in Armenia in the first quarter of 2013, reflecting persistently strong economic activity, under which circumstance the growth is expected in the range of 7.4-7.7 percent in the first quarter of 2013. Strong growths in industry and services remain an important contribution to the strengthening of economy potential. The Central Bank intended to adjust the growth potential estimation upside. However, taking into consideration the...
Statistical Bulletin of the CBA 2012
2013-05-30 14:21
Statistical Bulletin of the Central Bank of Armenia is an annual periodical that presents data on monetary, fiscal, external and real sectors as well as main indicators of financial organizations and of the payment and settlement system. Description of data contained in this Statistical Bulletin is presented in the section Methodological notes....
The Board of the CBA left the refinancing rate unchanged 8 percent
2013-05-14 11:04
Interest rate unchanged, 8 percent
In the May 14th of 2013 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 0.1 percent deflation recorded in April of 2013, with the 12-month inflation of 3.9 percent, almost in concurrence with the target inflation. According to the CBA estimations, the 12-month inflation will go up by the end of the second quarter, staying at the upper bound, but it will however stabilize around the target in the...
Statistical overview (March. 2013)
2013-05-06 11:07
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Financial Stability Report (2012 annual report)
2013-04-30 17:58
This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...
Financial System of Armenia. Development, Regulation, Supervision 2012
2013-04-30 15:59
Introduction
In 2012 world economy did not wholly leave the dangerous crisis zone. Nevertheless, macroeconomic stability in Armenia in 2012 was maintained to ensure favorable environment for positive economic developments in coming years. The Central Bank succeeded in stabilizing the inflation within target range through targeted policy and creation of positive public expectations on inflation. In 2012 the inflation was 3.2 percent. Stabilization of macroeconomic environment had positive...