Sat, 26 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Mortgage loans rose to about 127.6 billion drams in late February

YEREVAN, April 13. / ARKA /. As of late February 2013 the amount of mortgage loans issued by Armenian commercial banks rose to about 127.6 billion drams, increasing by 0.7 percent from January, according to the monthly bulletin of the Central Bank of Armenia for February 2013.

The mortgage loans issued in Armenian drams totaled 63.1 billion drams, a 0.9 percent decrease form January, loans in foreign currency grew by 2.3 percent to 64.4 billion drams.

The share of mortgage loans in the total outstanding loan portfolio of all 21 commercial banks in the reporting period amounted to 7.8%.

The total amount of outstanding loans as of late February amounted to 1639.9 trillion drams, an increase of 2.3% from January. ($ 1 – 417.65 drams). -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img