Tue, 10 June
24.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian commercial banks’ liabilities increase by 7.3% to 1.1 trillion Drams

YEREVAN, November 5, /ARKA/. Armenian commercial banks’ liabilities increased by 7.3% or 75.56 billion Drams in the third quarter of 2010 to 1.1 trillion Drams, the Central Bank said in its review of banks performance in the third quarter.

According to the review, accrued liabilities to individual persons grew by 5.8% or 14.7 billion Drams to

269.6 billion Drams, while liabilities to corporate entities contracted by 11.5% or 11.4 billion Drams to 87.8 billion Drams.

Banks’ liabilities to the government decreased by 3 billion Drams or 2.3% to 86.7 billion Drams, while liabilities to other banks and financial organizations grew by 17.2% or 51.4 billion Drams to 350 billion Drams. Of that amount 7.6 billion Drams were correspondent accounts of other banks.

According to the review, the amount of call liabilities stood at 260.9 billion Drams as of September 30, growing by 7.8% in the third quarter. Other liabilities grew by 9.5% to about 44.8 billion Drams. The amount of accrued interest was 11.2 billion Drams, growing by 11.4% from the beginning of the third quarter. There are 21 banks in Armenia with 400 branches. ($1 – 359.9 Drams). -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

Average settlement exchange rate of dram to dollar in May was 0.3% lower than a year ago

In May 2025, the average settlement exchange rate of the Armenian dram to the US dollar was 386.6 drams, which is 0.3% lower than the same indicator in May 2024 (387.8 drams).

LATEST NEWS

spot_imgspot_imgspot_img