Reports

Publications
Reports

Statistical Bulletin of the CBA 2011 2012-05-25 14:18

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....

Quarterly review (first quarter, 2012) 2012-05-24 16:45

Financial System of the Republic of Armenia in Q1, 2012 Banks functioning in the Republic of Armenia As of 31.03.2012, there were 21 commercial banks with a total of 444 branch offices, 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 2011 total capital of commercial banks grew by 2.0 percent (by AMD 7.0 billion) and amounted...

(2012/2) Status report on Implementation of the Monetary Policy Program Q2, 2012. Inflation report 2012-05-15 14:03

Executive summary The monetary policy programs of 2011 predicted that the inflation environment would further ease and inflation would rest within the confidence band, starting from the fourth quarter of 2011. Actual trends were basically in line with the program - the 12-month inflation reached 4.7 percent at the end of 2011 and 2.2 percent at the end of March of 2012. In the forecast horizon the developments in both external sector and domestic economy do not predict expanding of the...

The Financial System of Armenia. Development, Supervision, Regulation 2011 2012-05-04 11:05

Introduction In 2011 the world economy almost overcame crisis influence, while the financial systems were still sensitive. Nevertheless, in 2011 Armenian domestic economy gradually recovered to pre-crisis state. Parallel to post-crisis recovery of domestic economy the financial system responded accordingly. Armenian financial system, which overcame challenges with ease during the peak of the crisis, continued strong development in 2011. One of the most important achievements of the year was...

Statistical overview (March. 2012) 2012-05-03 11:57

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...

Annual report 2011 2012-04-20 17:49

Chairman's message Dear Reader, This is the Annual Report for the year 2011. It contains information on the reforms and our achievements which we had during the year as well as description of what we will need to do in 2012. The year 2011 was prominent with high inflationary environment which was determined by abrupt international price increases of basic commodities and food products on the one hand and reported decline in agriculture in Armenia on the other. On the whole for the year,...

Statistical overview (February. 2012) 2012-04-04 11:55

Financial Stability Report (2011 annual report) 2012-04-03 16:51

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:...

Statistical overview (January. 2012) 2012-03-06 11:52

Status report on implementation of the monetary policy program (Inflation Report) Q4, 2011 2012-02-24 22:14

(2011/4) SUMMARY In the fourth quarter of 2011 the inflation environment further eased, and the 12-month inflation rested within the confidence band at the end of the year as a result. This was driven by both domestic and external macroeconomic developments. Prices of food products and raw materials in world markets continued falling amid the world economic growth slowdown and escalation of debt problems in the Euro-area. In the meantime, attributable to tightened monetary conditions...

(2012/1) The Monetary policy program Q1, 2012 2012-02-07 15:29

Actual indicators and developments in 2011 The beginning of 2011 was characterized by high inflation environment which had been a consequence of increased international prices of raw materials and food products, declined supply in agriculture in Armenia due to the recorded downfall in that sector as well as second round effects of high inflation and high inflationary expectations during 2010. At the end of 2010 the Board of the Central Bank outlined a necessity to tighten monetary conditions...

Status report on Implementation of the Monetary Policy Program Q3, 2011. Inflation report 2011-11-22 14:53

(2011/3) Summary In the third quarter of 2011 the inflation environment further eased, driven by both domestic and external macroeconomic developments. Prices of food products and raw materials in world markets behaved stably and prices of some commodities even went down. In the meantime, conditioned by slowly recovering domestic demand, influence of implemented contractionary fiscal and monetary policies and increased supply of agricultural products, no inflationary pressures from domestic...

Statistical overview (August. 2011) 2011-10-11 15:44

Statistical overview The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA September 6, 2011 Board Meeting’s Minutes on the refinancing rate for September 2011, and 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 on goods’ export and in External Sector is...

Financial Stability Report (2011 1st half) 2011-09-27 13:47

Statistical overview (July. 2011) 2011-09-07 15:42

Statistical overview The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains the CBA August 9, 2011 Board Meeting’s Minutes on Refinancing Rate for August of 2011, and 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 on goods’ export and in External Sector is...