Armenian commercial banks’ assets grow by 1 percent in 2012 February

YEREVAN, April 16. /ARKA/. The assets of Armenia-based 21 commercial banks increased by 0.9% in 2012 February from the previous month to more than 2 021.9 trillion drams, the Central Bank of Armenia said. It said also the banks’ commitments increased in comparison with January by 1.1% to about 1.664.6 trillion drams and their total balance capital rose in February by 0.1% to about 357.4 billion drams.
Armenian banks’ profits in January-February 2012 amounted to over 88.2 billion drams, a 3.2% increase from a year before. ($1 – 392.19 drams).  -0

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img