Thu, 6 March
-1.9 C
Yerevan
USD: 394.30 RUB: 4.40 EUR: 421.78 GEL: 141.53 GBP: 505.89
spot_img

Armenian banks capable of managing currency risks- Armenia’s Union of Banks Head

YEREVAN, September 14. /ARKA/. Armenian banks are capable of managing their currency risks appropriately, Chairman of Armenia’s Union of Banks Ashot Osipyan told journalists on Friday.

One of such risks is real economy lending in currency, he added.

In reference to this Osipyan said that if a subject has a currency risk, a bank will give a credit in AMD.

“That is why the Armenian banks started attracting more means in the national currency from international structures. This is done in order to pass this risk to the shoulders of the borrower,” he underscored.

Earlier head of EBRD Armenia Mr. Razlog said that international organizations are currently allocating credits to Armenia in AMD to reduce currency risks. —0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img