Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Mortgage loans amount to 121 billion drams

YEREVAN, September 25. / ARKA /. The amount of outstanding mortgage loans of commercial banks in Armenia stood at about 121 billion drams at the end of July, increasing by 1 percent from June. The amount of mortgage loans issued in foreign currency grew by 0.7 percent from the previous month to 58.4 billion in dram equivalent while loans in drams grew by 1 percent to 62.4 billion drams, according to numbers released by the Central bank of Armenia. The share of mortgage loans in the total loan portfolio of all 21 commercial banks was about 8.6%.

The total amount of loans issued by commercial banks to residents at the end of July 2012 was about 1. 410.3 trillion drams, down by 0.6 percent compared to June. ($ 1 – 407.18 drams). -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img