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-

spot_img

POPULAR

IDBank Participates in Regional Conference of the Union of Banks of Armenia, Presenting Innovative Tools for the SME Sector

IDBank took part in the regional conference “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region,” held in Vanadzor and organized by the Union of Banks of Armenia.

Unibank to participate in Leasing Expo 2026 with a special offer

From April 10–12, 2026, Unibank will participate in Armenia’s largest international exhibition for leasing and financial solutions, offering visitors favorable conditions.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Central Bank of Armenia views stablecoins as a strategic priority

The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Up to 25% idcoin When Buying Airline Tickets with IDBank Premium Cards

When planning your next trip, the first thing you consider is your budget — how much you can spend, how to find the best deals, and how to save while discovering new destinations.

LATEST NEWS

spot_imgspot_imgspot_img