Sun, 9 November
15.1 C
Yerevan
USD: 382.54 RUB: 4.73 EUR: 441.83 GEL: 141.43 GBP: 501.40

Armenia’s commercial banks purchase over $94.1mln at intra-banking forex market last week

YEREVAN, May 6. /ARKA/. Armenian commercial banks purchased more than $94.1mln at a weighted average rate of 410.74drams per $1 in intra-banking foreign exchange market in the period from April 29 to May 3, the press service of the Central Bank reported.

In the period, about 6.6mln euros and over 594mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 536.76drams per €1 and 13.10drams per ruble respectively.

At the same time, about $106.5mln, about €13.8mln and about 92.3mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 412.07drams, 539.80drams and 13.27drams respectively.

Dram loans extended by Armenian banks during the week before (April 22-28) totalled 30.7bln drams; dollar loans amounted to a total of $48.3mln. ($1=413.97drams).

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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

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

LATEST NEWS

spot_imgspot_imgspot_img