Mon, 9 June
28.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Total Assets Of Credit Organizations Of Armenia Increased By 16.7% To 101.8 Billion Drams In Q1, 2011

YEREVAN, May 2. /ARKA/. Total assets of credit organizations of Armenia increased by 16.7% making 101.8 billion drams as of March 31, 2011 in the 1st quarter, states the review of CBA on the activity of credit organizations for the 1st quarter of 2011.

The amount of cash of credit organizations was 276.5 million drams increased by 12% compared with the beginning of the quarter. The amount of current accounts increased by 55.6% making 6.3 billion drams.

According to CBA review, total assets of credit organizations under the item “credits to legal entities” increased by 2.1% to about 12.8 as of March 31. Credits of physical entities increased by 8.4% making about 44.2 billion drams.

A slight increase of 0.3% to 4.6 billion drams was recorded by the item “leasing, factoring”. Credits of employees and affiliates increased by 13.3% making more than 2 billion drams.

Volume of requirements to the banks and other financial organizations was 25.2 billion drams.

By the end of March, the volume of other assets was about 4.4 billion drams, increased by 46.6%. The size of reserve to cover possible losses on assets reduced by 26.2% making 1.6 billion drams. The size of accrued interest was 632.5 million drams.

As of March 31, 2011, 31 credit organizations and 65 branches are registered in Armenia ($1 – 370.68 drams).—0—

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

LATEST NEWS

spot_imgspot_imgspot_img