The size of crediting by the Armenian banks increased by 4.2% to 526.7 million drams in January 2011

YEREVAN, March 15, /ARKA/.The size of credits provided to resident-companies by the Armenian commercial banks increased by 4.2% in January 2011 making about 526.7 million drams in December 2010, report of CB Armenia “Summarization of monetary-credit indicators for January 2011” states.

The size of crediting the companies increased by 0.3% making 139.6 million drams and foreign currency – 5.6% making 387.1 million drams.

Credits provided to private companies in drams and foreign currency increased by 0.6% and 0.9% making 136.1 million drams and 359.6 million drams accordingly. Credits provided to state companies in drams reduced by 11.9% making over 3.5 million drams and foreign currency increased 2.6 times making 27.6 million drams. ($1 – 367.97 drams). –0—

spot_img

POPULAR

Nearly $2 billion in new biodiversity funding announced at COP17 in Yerevan — UN

At the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17), which concluded in Yerevan, nearly $2 billion in new funding for biodiversity conservation was announced, according to a final press release from the Convention Secretariat published on October 31.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Net inflow of remittances to Armenia from abroad almost doubled in 9 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, exceeded $2 billion in January-September 2026, compared to $1.02 billion in January-September 2025, according to a report from the Central Bank of the Republic.

Armenia’s 2027 state budget envisages a reserve fund of 0.3-0.6% of GDP — Galstyan

Armenia's draft state budget for 2027 envisages the formation of a reserve fund of 0.3-0.6% of GDP, announced Martin Galstyan, Chairman of the Central Bank of Armenia.

Acba Bank at COP17: Solutions for Sustainable Agriculture

At COP17, Acba Bank participated in a panel discussion organized by the European Bank for Reconstruction and Development (EBRD) dedicated to the future of sustainable agriculture, long-term investments, and the need for environmentally responsible financing solutions.

LATEST NEWS

spot_imgspot_imgspot_img