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

Armenia’s commercial banks extended 130.2bln drams in mortgage loans in April

YEREVAN, June 19. /ARKA/. Mortgage credits extended by Armenia’s commercial banks totaled about 130.2 billion drams as of the end of April, a reduction of 0.2% compared to March, says the monthly information guidebook of Armenia’s Central Bank for April.

According to the monthly data, dram loans alone totaled 63.9 billion drams, an increase of 0.9% compared to March; loans in foreign currency were 66.2 billion drams, a reduction of 1.2% against the month before.

Share of mortgage loans in banks’ overall credit portfolio was 7.9%.

Armenian commercial banks’ lending to resident economy amounted to over 1,634.1 billion drams as of the end of April, an increase of 0.5% against March level.

There were 21 commercial banks registered in Armenia as of April 30. ($1=412.51drams).–0–

spot_img

POPULAR

“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.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

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 approves grant agreement with ADB for $6 million seismic safety improvement program

The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.

LATEST NEWS

spot_imgspot_imgspot_img