Mon, 28 July
34.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Consumer lending in Armenia grows 2.2% to AMD 206.6 billion

YEREVAN, January 19. /ARKA/. Consumer lending in Armenia grew 2.2% over November to AMD 206.6 billion.

According to the information available on the central bank’s official website, consumer lending made up 17.8% of Armenian commercial bank’s aggregate credit investments in November – no changes, compared with October.

Loans extended in foreign currencies amounted to AMD 28.2 billion and dram loans AMD 178.4 billion in November.

Commercial banks’ credit investments totaled AMD 1116.9 billion, of which 61% were loans extended in foreign currencies. ($1- AMD 388.25). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img