Armenia’s commercial banks purchase over $81.2mln at intra-banking forex market last week

YEREVAN, February 4. /ARKA/. Armenian commercial banks purchased more than $81.2mln at a weighted average rate of 406.37drams per $1 in intra-banking foreign exchange market in the period from January 29 to February 1, the press service of the Central Bank reported.

In the same period, about 6.4mln euros and over 485.7mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 546.77drams per €1 and 13.4drams per ruble respectively.

At the same time, about $85.17mln, about €8.7mln and about 139mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 407.63drams, 549.67drams and 13.63drams respectively.

Dram loans extended by Armenian banks on January 21-27 totalled 40.7bln drams; dollar loans amounted to a total of $59.3mln. ($1=406.57drams).–0–

spot_img

POPULAR

Some 68% of March inflation in Armenia contributed by food and non-alcoholic beverages-WB

In March, Armenia's inflation rose to 4.5 percent (yoy) from 4.3 percent (yoy) in February, according to World Bank's Armenia Monthly Economic Update – April 2026.

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

LATEST NEWS

spot_imgspot_imgspot_img