3Q total liabilities of Armenia’s banks grow 12.83% to AMD 1,902.1 bln

YEREVAN, October 24. /ARKA/. The total liabilities of Armenian banks climbed by 12.83% to 1,902.1 billion drams as of 31 September 2012 from earlier this year.

According to the analysis compiled by ARKA agency, Ameriabank is a leader in the total liabilities with the result of 205.6 billion drams, up 23.74%. This bank’s total liabilities make up 10.8% of those of other banks.

ACBA-CREDIT AGRICOLE BANK is listed the second in the analysis with the result of 196.8 billion drams (13.86% higher). It is followed by Armbusinessbank- nearly 186.5 billion drams (up 28.98%), HSBC Bank Armenia- about 171.2 billion drams ( up 15.16%), and Ardshininvestbank – over 160.6 billion drams (up 24.62%).

As of 31 September 2012 there are 21 commercial banks in Armenia. ($1 – 405.92 drams).—0-

spot_img

POPULAR

A Birthday in Italy with Unibank

Unibank cardholder Haykush Markosyan will celebrate her 35th birthday in Italy after winning the “More Opportunities with Mastercard World Travel” promotion.

Euro and US dollar exchange rates against the Armenian dram have declined, while the ruble has continued to rise: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 22, 2026, fell by 0.07 points compared to October 21, reaching 361.33 drams.

ACBA Bank issues bonds totaling 10 billion drams and $10 million

ACBA Bank is offering, via a public offering, two tranches of non-documentary coupon bonds, with a total volume of 10 billion drams and $10 million. The offering period runs through February 20, 2027.

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img