Thu, 4 September
21.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

External debts of commercial banks and credit organizations in Armenia in the second quarter increased by 13.8% making $705 million

YEREVAN, September 6. /ARKA/. External debt of commercial banks and credit organizations of Armenia in the 2nd quarter of 2011 was $705.5 million vs. $619.5 million at the end of the 1st quarter increased by 13.8%.

According to the “Bulletin of Central Bank of Armenia” for the second quarter of 2011, during the second quarter, commercial banks and credit organizations attracted external borrowings in the amount of $469 million. In the reporting period commercial banks and credit organizations directed $385.9 million for the service of external debt.

At the end of the second quarter the main creditor-countries of commercial banks and credit organizations became Russia, which weighted average was within the total debt was 13.6% (vs. 12.6% in the previous quarter), Luxemburg – 12.7% vs. 12.8% in the previous quarter, Germany – with weighted average of 7.6% vs. 7.1% in the previous quarter, France – 6% vs. 6.9% in the previous quarter and the Netherlands – 5.7% vs. 7.1% in the previous quarter. Moreover, about 30.5% of credits in the second quarter was provided by international organizations.

Weighted average percent rate of the attracted credits by financial organizations in the reporting period reduced by 5.4% to 5.2% compared to the first quarter.

About 59% of external credits are with floating percent rate (LIBOR, EURIBOR, state bonds) with average redemption date of 4.4 years.

In the reporting period weighted average of short-term credits reduced making 10.4% of the attracted credits. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

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.

LATEST NEWS

spot_imgspot_imgspot_img