Cash receipts of Armenia’s commercial banks totaled in AMD 549.6 bln in November

YEREVAN, January 19. /ARKA/. The cash receipts of Armenia’s commercial banks (including domestic cash handling) in November valued at total 549.6 billion drams, which was 4.9% lower from October, according to the National Statistical Service of Armenia.

Cash expenditures hit 550 billion drams, which was 1.4% lower from a month earlier. It is noteworthy, that the expenditures exceeded the receipts by 431.2 million drams, whereas in October 2012 the volume of the cash receipts exceeded expenditures by 19.9 billion drams.

At the same time, within January-November 2012 the cash receipts (including domestic cash handling) hit 5,391 billion drams, and expenditures—5,366 billion drams. ($1 – 406.01 drams).—0-

spot_img

POPULAR

VTB (Armenia) Improves Terms for Real Estate-Secured Loans

VTB (Armenia) has updated the terms of its consumer loans secured by real estate, making the product more accessible and flexible for retail clients. Under the updated offer, clients can apply for a loan of up to 30 million drams, using residential or commercial real estate as collateral within the country.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.

30 years of trust, partnership, and shared values: Ameriabank CEO congratulates ARKA on its anniversary

Ameriabank CEO Artak Hanesyan congratulated ARKA News Agency on its 30th anniversary.

Unisport – Armenian Futsal Cup holder

The futsal club Unisport, whose main sponsor is Unibank, became the winner of the Armenian Futsal Cup.

LATEST NEWS

spot_imgspot_imgspot_img