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Banks’ lending to education fetches up nearly AMD 2.9 bln in Armenia

YEREVAN, June 29. /ARKA/. Lending to education totaled in nearly 2.9 billion drams as of late May, up by 16.5% from April 30, the website of Armenia’s Central Bank shows.

The commercial banks allocated loans mainly in foreign currency (88%) that totaled in nearly 2.5 billion drams, higher by 20% from April.

At the same time consumer lending climbed by 3.2% to nearly 255.1 billion drams within the reported period.

As of May 31, 2012, there are 21 commercial banks in Armenia. ($1 – 417.64 drams). –0–

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

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

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Average interest rate on deposits slips 0.3 points to 8.5% in November 2012

Average interest rate on deposits slid 0.3 percentage points in November 2012, compared with the previous month, to 8.5%

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