CB of Armenia approved the schedule of mandatory reservation of the banks for 2010

YEREVAN, December 4. /ARKA/. Central Bank of Armenia approved the schedule of mandatory reservation of the banks for 2010. Monetary means of commercial banks should be mandatory reserved in CB as by drams, as well as by US dollars. According to the normative of mandatory reservation, normative in the amount of 8% is defined for drams and 12% for US dollars. Today 22 banks are functioning in Armenia. Total assets of banking system of Armenia as of September 30, 2009 are 1266.4 billion drams, volume of total liabilities – 999.6 billion drams and total volume of capital for the same period – 266.8 billion drams. ($1- 385. 44 drams). G.K. –0—

spot_img

POPULAR

Euro to Armenian dram exchange rate continued to decline, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 14, 2026, rose by 0.15 points compared to May 13, to 368.78 drams.

Assets of Armenian credit institutions increased by 11.87% to 882.4 billion drams in the first quarter of 2026

The total assets of Armenia's credit institutions as of March 31, 2026, amounted to 882.4 billion drams, an increase of 11.87% compared to March 31, 2025. This is evidenced by the consolidated financial report of the country's credit institutions.

New GAMES section launched on Novosti-Armenia website

A new digital section, GAMES, has been launched on the Novosti-Armenia website.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img