Sun, 15 June
23.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Car loans by Armenian Banks grow 2.8% to 16.1bln drams in October

YEREVAN, December 14. /ARKA/.  Car loans extended by Armenia’s commercial banks totalled about 16.1bln drams by the end of October, Armenia’s Central Bank reported. This is a 2.8% increase against the amount recorded by the end of September.

Dram loans prevailed in the total number of car financing (99.6%). This means that car loans in drams amounted to a total of about 16bln drams by the end of October, which is an increase of 2.7% against the month before.

There were 21 commercial banks operating in Armenia as of the end of October, 2012. ($1=405.89drams). -00-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

US dollar exchange rate slightly down, those of euro and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on May 13, 2025, decreased by 0.78 points compared to May 12 and amounted to 388.08 drams.

High profitability of Armenian banks in 2024 was facilitated by growth in net interest income and low level of credit losses – Galstyan

High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.

LATEST NEWS

spot_imgspot_imgspot_img