Armenian commercial banks buy $70.4 million at local market November 15-19

YEREVAN, November 19, /ARKA/. Armenian commercial banks bought a total of $70.4 million at the local foreign exchange market November 15-19 at an average weighted exchange rate of 361.22 Drams per one USD, the Central Bank of Armenia said.
It also said the banks sold about $73 million in the same time span at 362.6 Drams per one USD.

The total amount of deals in USD effected at NASDAQ OMX Armenia stock exchange was $13.8 million at the average exchange rate of 361.2 Drams per one USD.

Also $1.05 million were sold and purchased at inter-bank market at the exchange rate of 362.29 Drams per one USD.

On November 8-14 Armenian banks extended 14.9 billion Drams worth loans in Armenian national currency and also loans in USD worth $40.8 million. ($1 – 361.05 Drams). -0-

spot_img

POPULAR

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

LATEST NEWS

spot_imgspot_imgspot_img