Fri, 12 September
20.1 C
Yerevan
USD: 383.47 RUB: 4.56 EUR: 449.96 GEL: 142.03 GBP: 519.91

Outstanding credit portfolio of banks to residents grew by 17% to 1.1 trillion drams

YEREVAN, June 14. / ARKA /. The outstanding credit portfolio of Armenian commercial banks to residents grew by 17% over the first five months of the year to 1.118 trillion drams, Central Bank governor, Artur Javadyan, said to a news conference today.

For comparison he said in largest CIS countries the growth was within 3-6 percent. He also said 469 billion drams worth loans were provided in Armenian national currency and 649 billion drams worth loans in foreign currency.

Arthur Javadyan spoke also against restructuring of agricultural loans. He said it is opposed not only by the Central Bank and international auditing firms, but also by shareholders. He said the communities that have suffered from hails, are in the focus of the banking system, and in particular of those banks, which provided most of the loans. Javadyan said 65 billion drams loans are provided currently to 90 thousand farmers throughout Armenia.($1 – 375.83 AMD). -0-

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

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.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img