Fri, 27 February
2.1 C
Yerevan
USD: 377.04 RUB: 4.90 EUR: 444.91 GEL: 141.00 GBP: 510.36

Armenian Banks purchase over $77.7mln last week

YEREVAN, November 12. /ARKA/. Armenian commercial banks purchased more than 77.7mln dollars at an average weighted exchange rate of 407.15drams per USD on intra-banking foreign exchange market from November 5 to November 9, the press service of Armenia’s Central Bank reported.

Over the same period, the banks obtained about 7.1mln euros and about 768mln rubles at an average weighted rate of 520.13 drams per euro and 12.85 drams per ruble respectively.

The banks sold 83.8mln dollars, over 11.4mln euros and about 120.3mln rubles at an average weighted rate of 408.34 drams, 523.58 drams and 13.04 drams respectively.

Over the period from October 29 to November 4, dram loans extended by Armenian banks totaled 40.8bln drams, and dollar loans were 54mln dollars. ($1=408.91drams). –0—

spot_img

POPULAR

Investment portfolio of Armenian credit institutions in 2025 exceeded 103 billion drams

The total investment portfolio of Armenian credit institutions at the end of 2025 amounted to 103.4 billion drams, according to the consolidated financial report of the country's credit institutions.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

Acba Bank Group Develops a Transparent Management System

Acba Bank Group continues large-scale reforms of its corporate governance culture to improve management efficiency, transparency, and accountability.

Capital of credit institutions in Armenia increased by 10.8% in 2025, exceeding 453.8 billion drams

The total capital of Armenia's credit institutions at the end of 2025 amounted to 453.9 billion drams, an increase of 10.84% ​​compared to 2024, according to the consolidated financial report of the country's credit institutions.

LATEST NEWS

spot_imgspot_imgspot_img