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

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of COP17

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17).

Armenia’s Deputy Prime Minister and ADB Vice President Discussed Attracting Private Capital and Infrastructure Development

Opportunities for attracting private capital, expanding public-private partnerships (PPPs), and implementing the "Crossroads of Peace" project were discussed at a meeting between Armenian Deputy Prime Minister Mher Grigoryan and an Asian Development Bank (ADB) delegation led by Vice President Wempi Saputra.

Central Bank of Armenia increased the countercyclical capital buffer for banks to 2.25%

The Board of the Central Bank of Armenia has decided to increase the countercyclical capital buffer for banks by 0.25 percentage points, setting it at 2.25% of risk-weighted assets.

Euro and US dollar exchange rates against the Armenian dram have declined, while the ruble has continued to rise: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 22, 2026, fell by 0.07 points compared to October 21, reaching 361.33 drams.

Armenia plans to significantly increase capital expenditure on infrastructure — Ministry of Finance

Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.

LATEST NEWS

spot_imgspot_imgspot_img