Volume of crediting of resident-companies by Armenian banks in July increased by 0.6% to 632.4 billion drams

YEREVAN, September 16. /ARKA/. Volume of credits provided by commercial banks of Armenia to resident-companies, in July 2011 increased by 0.6% compared to June 2011 making about 632.4 billion drams, states the report of Central Bank of Armenia “Summarization of monetary-credit indicators for July 2011”.

Volume of drams credits provided to the companies increased by 0.8% making about 150.8 billion drams and credits in foreign currency increased by 0.6% making 481.7 billion drams.

Volume of dram credits to private entrepreneurs increased by 0.9% in July to over 148 billion drams compared to June and in foreign currency – by 0.2% to over 463.9 billion drams.

Credits provided to state companies in drams reduced by 4% making 2.7 billion drams and in foreign currency – 11.7% making 17.8 billion drams. ($1 – 374.94 drams). -0-

spot_img

POPULAR

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

LATEST NEWS

spot_imgspot_imgspot_img