Thu, 5 February
-3.9 C
Yerevan
USD: 378.26 RUB: 4.93 EUR: 446.88 GEL: 140.65 GBP: 518.67

Crediting organizations’ assets upped by 3.7% in late November to 113.8 billion drams

YEREVAN, January 19. /ARKA/. Armenia’s crediting organizations’ assets upped by 3.7% in late November, 2011 as opposed to October, to a total of 113.8 billion drams, the Central Bank of Armenia said in a report on aggregated money and credit indicators for 2011 November.

According to the report, their liabilities grew by 4.9% to 70.5 billion drams. Their balance capital is said to have grown by 2% from October to 43.3 billion drams. Also their surplus earnings in the first 11 months of 2011 amounted to about 2 billion drams, jumping by 64% in November alone. There are 32 crediting organizations in Armenia. ($1 – 388.25 drams). -0-

spot_img

POPULAR

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Armenia Ranks Third in Russian Business Account Requests — NSV Consulting

In 2025, Russian business representatives expressed interest in opening accounts in more than 20 foreign jurisdictions.

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

Central Bank of Armenia maintains refinancing rate due to  balance of supply and demand – Galstyan

The Central Bank of Armenia's Board has opted to keep the refinancing rate steady, primarily because of the balance between supply and demand,  stated  the head of the bank, Martin Galstyan.

Acba bank launches the new American Express Gold Debit Card

Acba bank, American Express' licensee in Armenia, launches the new American Express Gold Debit Card, offering exclusive benefits in travel and for everyday spend*.

LATEST NEWS

spot_imgspot_imgspot_img