Wed, 11 June
22.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Volume Of Credit Investments And Receivables Of Armenian Banks Increased By 7.8% In Q1, 2011

YEREVAN, May 4. /АRКА/. Volume of credit investments and receivables of Armenian banking system increased by 83.1 billion drams or 7.8% making 1144.7 billion drams as of March 31, 2011 in the 1st quarter, Review of CBA on the activity of Armenian banks for the 1st quarter of 2011 reports.

Standard credits and receivables in total portfolio of banks as of the end of March was 1107.7 billion drams or 96.8% of total debt. During the first quarter, standard loans and receivables increased by 75.6 billion drams or 7.3% while reducing the weighted average in total portfolio by 0.4 points.

On March 31 the volume of controlled debt and credits was 21.3 billion drams vs. 11.6 billion drams at the beginning of the quarter, and non-standard loans amounted in 8.9 billion drams vs. 11.8 billion drams.
The volume of bad debts of the banking system was 6.7 billion drams in the reporting date vs. 6.1 billion drams at the beginning of the quarter.

There are 21 banks and 411 branches as of March 31, 2011 in Armenia. ($1 – 372.79 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.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

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).

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.

LATEST NEWS

spot_imgspot_imgspot_img