Armenia’s commercial banks purchased $70.2 mln last week

YEREVAN, April 10. /ARKA/. Armenian commercial banks purchased over $70.2 million at weighted average rate 390.52 drams per $1 April 2-6 in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Tuesday.

At the same period, the banks obtained nearly 6.1 million euros and about 492.9 million rubles at weighted average rate 517.01 drams per €1 and 13.18 drams per 1 ruble.

The banks sold over $95.2 million, nearly €11.2 million and 57.4 million rubles at weighted average rate 391.64 drams, 519.35 drams and 13.38 drams respectively.

USD purchase-sales were amounted to $600,000 at weighted average rate 391.5 drams per $1 in inter-banking market of the foreign currency within the reported period. Transactions in rubles and euros were not made in the market within the reported period.

Moreover, from March 26 to April 1, the volume of dram loans provided by the Armenian banks totaled 33.8 billion drams, and USD loans- $74 million. ($1 – 391.14 drams).—0—

spot_img

POPULAR

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

ADB expects inflation in Armenia to accelerate to 3.8% in 2026, despite slower growth

The Asian Development Bank (ADB) expects inflation in Armenia to accelerate in 2026, despite slower growth.

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

LATEST NEWS

spot_imgspot_imgspot_img