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

New requirements for banks to manage risks of circumventing international sanctions come into effect in Armenia

YEREVAN, August 17. /ARКА/. As of August 12, 2026, new regulations for banks regarding the management of risks associated with evading international sanctions have been implemented in Armenia.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 10-16)

YEREVAN, August 17. /ARKA/. Armenia's financial agenda last week focused on setting up payment and cryptocurrency infrastructure, capital market activity, and the parameters of the next stage of universal health insurance.

LATEST NEWS

spot_imgspot_imgspot_img