Sun, 28 September
11.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

CBA: Dollariztion Level Reduced To 66-67% In Armenia

YEREVAN, February 7. /ARKA/. At present, dollarization level in Armenia is 66-67% instead of 70-71% in 2010, said the Head of Monetary-Credit Policy Department of CB Armenia Artur Stepanyan.

“There was a period when this indicator reached 74-75%. It is expected to reduce this indicator to 60% ”, said Stepanyan in the press-conference on Monday.

In the frames of the measures targeted at dollarization, CB Armenia made changes and amendments in the regulation №2 “Regulation of banking activity and main economic normatives of banking activity”, particularly in the normative of mandatory reserving on February 1.

In this phase it is defined that from minimum size of mandatory reserves placed by CB Armenia for the involvement of commercial means in currency (12%), 9% should be reserved in drams (instead of former 6%) and 3%- in relevant foreign currency instead of former 6%. –0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img