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Volumes of car loans provided by commercial banks of Armenia in December reduced by 0.2% to 18.47 billion drams

YEREVAN, February 9. /ARKA/. Commercial banks of Armenia as of December 30, 2011 provided car loans in the amount of about 18.47 billion drams, reduced by 0.2% compared to the end of November 2011, the site of Armenian Central Bank states.

In December car loans were provided in AMD – 96.8%. Thus, the volume of car loans provided in AMD at the end of December was about 17.9 billion drams which is less by 0.2% than the indicator of November.

The volume of consumer crediting in the reporting period was about 217.4 billion drams, increased in December by 5.2%.

As of December 31, 2011 in Armenia 21 commercial banks were registered. ($1 – 388.71 drams).–0–

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Insurance market of Armenia is in embryonic state

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Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

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