Wed, 2 July
24.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

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

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img