Sat, 19 July
26.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian banks’ lending to residents grows 0.5% to AMD 1.6 trillion in April 2013

YEREVAN, June 11. /ARKA/. Outstanding loans extended by Armenian commercial banks to residents totaled AMD 1.6 trillion in April after growing 0.5%, compared with the previous month, the Central Bank of Armenia says in its report summarizing monetary indicators for April 2013.

According to the report, outstanding loans extended to corporate clients amount to AMD 923.8 billion and make up about 57.7% of the banks’ aggregate portfolio of lending to residents, and individual loans total AMD 606 billion and constitute 37.8% of the portfolio.

The total amount of dram loans grew 3.1% in April, compared with March, to AMD 594.1 billion, while loans in foreign currencies shrank 0.9% to more than AMD 1004.8 billion.

Lending to non-residents grew 28.5% to about AMD 84.1 billion. The total amount of outstanding loans extended in drams contracted by 2.7% in April, compared with March, to about AMD 13 billion, while loans in foreign currencies grew 36.6% to AMD 71 billion. ($1 – AMD 413.06). —0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro falls by 1.14 drams against Armenian dram, as US dollar rises slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 11, 2025, increased by 0.17 points compared to July 10 and amounted to 383.91 drams.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Annual meeting of BSTDB Board of Governors to be held in Yerevan

The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.

LATEST NEWS

spot_imgspot_imgspot_img