Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Auto lending by Armenian banks tumbles 3.2% to AMD 17.3 bln

YEREVAN, March 28. /ARKA/. Commercial banks of Armenia allocated nearly 17.3 billion drams in total auto lending, down 3.2 %,  as of February 29, 2012 from late January, according to data on the Armenian Central Bank’s website.
Auto loans were mainly granted in drams- 96.7%, and slashed 3.2 % to nearly 16.7 billion drams late February from January. At the same time, within the same period consumer lending advanced 5% in February to nearly 234.1 billion drams. ($1 – 388.67 drams). –0—

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Armenia and China make their first dram-yuan swap deal

Armenia and China have made their first swap deal worth 77 billion drams and one billion yuans respectively, the press service of the Central Bank of Armenia said. It said an agreement to that end was signed on Wednesday

LATEST NEWS

spot_imgspot_imgspot_img