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

Banks

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–

spot_img

POPULAR

Banks

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.
Banks

IDBank and the “Dekavva Fund” Stand with People from Artsakh

As part of the “Side by Side” initiative, IDBank has launched a new partnership, this time supporting families forcibly displaced from Artsakh who are currently living in the Sevan community.
Banks

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.
Banks

Central Bank raised the rate: what could happen to loans and deposits – and why not right away

The Central Bank of Armenia's increase in the monetary policy rate to 6.75% does not automatically and immediately lead to higher rates on bank loans and deposits.
Insurance

Armenia’s health insurance package has not been reduced since the beginning of the year, and services have not become fee-based – Avanesyan

Since January 1, no changes have been made to Armenia's health insurance package that would lead to a reduction in services or the transition of any of them to a fee-based basis, stated RA Health Minister Anahit Avanesyan.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
VTB Bank (Armenia) launches “General Summer” campaign via “Perspective+” deposit
Next article
IMF downgrades external current account deficit forecast for Armenia to 10% of GDP