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USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
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Consumer lending in Armenia surges 3.1% to AMD 255 bln in May

YEREVAN, July 11. /ARKA/. Total lending to consumer sector of Armenia boosted by 3.1% to 255 billion drams in May, according to the data available on the Central Bank’s website.
Consumer lending made up 18.6% in the total lending provided by the commercial banks, down by 0.1 p.p. from a month earlier.

In total lending the share of loans in foreign currency fetched up 40 billion drams, and in drams- 215 billion.

Credit investments of the commercial banks totaled 1 372,4 billion drams in May, of them 63.9% are loans in foreign currency. ($1-417.71 drams).—0-

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Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

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