Tue, 8 July
29.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Armenian banks injected nearly 2.5 billion drams on education in April

YEREVAN, June 18. /ARKA/. Armenian commercial banks allocated nearly 2.5 billion drams for educational sector at the end of April this year, that is 6.5% higher compared to March 31, according to the data published on the Armenian Central Bank’s website.

Education loans were mainly distributed in foreign currency- 85.4%.

Thus, total education loans valued at nearly 2.1 billion drams, 8.6% more than in March. At the same time within the reported period, consumer lending totaled 247.3 billion drams, 3.5% rise in April.

As of April 30 of 2012 there are 21 commercial banks in Armenia. ($1 – 414.96 drams).—0–

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img