Wed, 10 September
17.1 C
Yerevan
USD: 382.95 RUB: 4.60 EUR: 450.04 GEL: 142.25 GBP: 519.82

Consumer’s credits of the banks in the Armenian economy increased by 0.7%

YEREVAN, July 9. /ARKA/. Consumer’s credits of commercial banks in resident economy of Armenia was increased by 0.7% at the end of May compared with April making 145.3 billion drams, states monthly manual of Armenian CB as of May 2010 placed in the official website of CB.

The largest share in total credit investments of the banks is in trade sphere – 21.8%. The banks allocated about 161.6 billion drams for this sphere (increase of 1.9% is registered compared with the indicator of the last month).

Consumers’ credits occupy the second place with the share of 19.6%.

Industry is in the third place with the share of 18.8%. Its crediting was increased by 2% compared with the previous month making 139.3 billion drams. Mortgage loans of the banks in resident economy made about 83.5 billion drams reduced by 0.3% compared with April.

In the reporting period the banks allocated 59.4 billion drams in the sphere of construction (decline of 0.3% compared with the previous month). Crediting of agriculture was 47.6 billion drams at the end of May reduced 0.5%, services – about 35.3 billion drams (increase of 1.1%) and transport and communications – 20.7 billion drams (increase by 3.2%).  ($1 – 368.89 drams). —0–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

Average settlement rate of dram to USD in August 1.3% lower than a year ago

In August 2025, the average settlement rate of the Armenian dram to the US dollar was 382.2 drams, reflecting a decrease of 1.3% compared to the same figure in August 2024, which was 388.1 drams, according to the National Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img