Armenia’s commercial banks purchased $78.4 mln last week

YEREVAN, October 29. /ARKA/. Armenian commercial banks purchased over $78.4 million at an average weighted rate of 404.95 drams per $1 from 22 to 26 October in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Monday.

At the same period, the banks obtained nearly 5.9 million euros and about 712.4 million rubles at average weighted rates of 527.47 drams per €1 and 12.91 drams per 1 ruble respectively.

The banks sold $91.3 million, over €9.5 million and nearly 107.1 million rubles at average weighted rates of 406.12 drams, 529.42 drams and 13.11 drams respectively.

Moreover, from 15 to 21 October the volume of AMD loans provided by the Armenian banks totaled 30.9 billion drams, and USD loans- $49.9 million. ($1 – 405.3 drams).—

spot_img

POPULAR

Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

The Central Bank of Armenia considers it important for commercial banks to exercise caution when providing new loans amid the outpacing growth of lending compared to revenues, stated Central Bank Chairman Martin Galstyan.

Unibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders

Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders.

About 10% of Armenia’s dram-denominated government debt is held by international institutional players: Central Bank Governor

Institutional players are entering the dram-denominated government debt market in Armenia, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Exchange rates of the euro and dollar against the Armenian dram have increased, the ruble has fallen – data from the Central Bank of...

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market on May 25, 2026, increased by 0.04 points compared to May 24 to 368.01 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 18-24)

Last week, the Armenian financial market focused on bank restructuring mechanisms, the tax model for bank dividends, the regulatory agenda, comments from international financial institutions, and the development of financial literacy.

LATEST NEWS

spot_imgspot_imgspot_img