Statistical overview (February. 2013)
2013-04-12 11:05
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...
Collector coins of the Republic of Armenia-2012
2013-04-02 14:35
Dear readerThe annual journal "Collector Coins of the Republic of Armenia 2012" presents the collector coins issued by the Central Bank of Armenia in 2012 on occasion of important celebrations and events of the year.The year 2012 was full of landmark events at both international and local levels. Armenia's capital Yerevan was proclaimed the 12th International Book Capital, and in the timespan from April 22, 2012 to April 22, 2013 large-scale measures and festivities were held not only in...
Annual report 2012
2013-04-02 10:18
Chairman's message
Dear Reader,
This is our Annual Report for 2012. It provides an inclusive account on how we maintained price and financial stability as well as summarizes the results of other important tasks set before the 2 Central Bank during that past year. The year was successful in terms of both price stability and financial sustainability. One of the most important achievements of the 2012 was that we maintained macroeconomic stability which created a favorable environment for...
The Board of the CBA left the refinancing rate unchanged 8 percent
2013-03-26 11:02
Interest rate unchanged, 8 percent
In the March 26th of 2013 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 0.4 percent deflation recorded in February of 2013, with the 12-month inflation of 3.1 percent.
The Board acknowledged continued uncertainties over political solutions to debt problems in developed economies and slower world economic growth rates. In the meanwhile, the global market of basic raw materials posted a moderate...
Quarterly review (fourth quarter, 2012)
2013-03-21 17:42
Financial System of the Republic of Armenia in Q4, 2012
Banks functioning in the Republic of Armenia
As of 31.12.2012, there were 21 commercial banks with a total of 477 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 posted an increment in main prudential indicators.In the course of 2012, the total capital to GDP ratio and the loans to economy (lease and factoring...
Statistical overview (January. 2013)
2013-03-04 11:03
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 2013/1 (Monetary Policy Program Q1 2013, Status report on Implementation of the Monetary Policy Program Q4 2012)
2013-02-19 17:45
Executive summary
The potential of economy further trended upward in Armenia in 2012: the sustainable growth potential is an estimated 5.5 percent versus about 4.5 percent estimation of the previous period, according to the Central Bank. Main factors that contributed to the strengthening of economy potential include the share of supply-stimulating loans in total lending volumes (in the period 2009-2012 the share of these loans has grown around 12 pp and amounted to 33.3 percent in 2012) and...
Statistical overview (December. 2012)
2013-02-12 15:29
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
2013-02-12 10:59
Interest rate unchanged, 8 percent
In the February 12th of 2013 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 2.9 percent inflation recorded in January of 2013, and the 12-month inflation reached 2.6 percent, staying close to the lower bound of the confidence band of 4 percent ±1.5 pp. The Central Bank estimates that in the first half of 2013 the 12-month inflation will grow and in the forecast horizon it will stabilize around...
Statistical overview (November. 2012)
2013-01-11 15:27
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...
Quarterly review (third quarter, 2012)
2012-12-14 17:17
Financial System of the Republic of Armenia in Q3, 2012
Banks functioning in the Republic of Armenia
As of 30.09.2012, there were 21 commercial banks with a total of 465 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 posted an increment in main prudential indicators.
Total capital of commercial banks
In the third quarter of 2012 total capital of commercial banks grew...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-12-11 11:59
Interest rate unchanged, 8 percent
In the December 11th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 1.4 percent inflation recorded in November of 2012, and the 12-month inflation has been 3.6 percent, closer to the confidence band.
The Board admitted that macroeconomic developments in November were mostly in compliance with the baseline scenario in the fourth quarter’s Monetary Policy Program. In the external...
Statistical overview (October. 2012)
2012-12-06 15:26
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 2012/4 (Monetary Policy Program Q4, 2012. Status report on Implementation of the Monetary Policy Program Q3, 2012)
2012-11-08 15:04
Executive summary
There was 1.1 percent of deflation recorded in the third quarter of 2012 compared to that of 2.8 percent in the same period of the previous year, and the 12-month inflation ascended earlier the third quarter after continued subsidence in the course of the first half of the year and reached 2.5 percent in end-September. The 12-month inflation indicator has been totally due to 1.8 percent increase in food prices (with 0.96 pp of contribution to headline inflation) and 5.7...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-11-06 11:56
Interest rate unchanged, 8 percent
In the November 6th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 1.2 percent inflation recorded in September of 2012, and the 12-month inflation increased to 3.4 percent, coming closer to the confidence band.
The Board admitted that influences expected from the external sector remain minor inflationary. In spite of further uncertainties over political solutions regarding debt problems...