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Education lending by Armenia’s credit organizations hit over AMD 130.5 mln late October

YEREVAN, December 7. /ARKA/. Total loans allocated to education by Armenia’s credit organizations dropped 2% late October from September to nearly 130.5 million drams, according to the National Statistical Service of Armenia.

According to the data, AMD loans fell from September by 1.98%, and foreign currency loans- 12.6 million drams ( 2.2% down from September).

Lending to Armenia’s resident economy totaled 147.9 billion drams, which is 2.4% higher from September.

As of 30 October 2012 there are 32 commercial organizations in Armenia. ($1 – 407.09 drams).

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Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

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