Loan investments of Armenian banks surged 8% to AMD 1 660,8 bln in 2Q

YEREVAN, July 31./ARKA/. Loan investments of the Armenian commercial banks rose by 8% in June from earlier this year to 1 660,8 billion drams.

According to ARKA analysis, VTB Bank (Armenia) is leading in the amount of loan investments –194.3 billion drams ( plus 23.64%). It’s loan investments accounted for 11.7% of total loan investments. ACBA-CREDIT AGRICOLE BANK is second –172.5 billion drams (plus 8.29%); Ameriabank is next –167.3 billion drams (plus 7.39%); Ardshininvestbank –over 147.4 billion drams (plus 11.07%) and HSBC Bank Armenia –nearly 138.8 billion drams (plus 6.93%).

As of 30 June 2013 there were 21 commercial banks in Armenia. ($1 – 409.90 drams).—0-

spot_img

POPULAR

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%

Unibank has issued bonds denominated in AMD and USD, with annual coupon rates of 10.3% and 6%, respectively.

Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance

Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million.

Central Bank of Armenia will issue a commemorative silver coin for the COP17 conference

On October 5, Armenia will issue a commemorative silver coin titled "COP17," dedicated to the 17th Conference of the Parties to the UN Convention on Biological Diversity, the Central Bank of Armenia’s press service reports.

Approach to financial education must focus on people’s well-being – Head of the Central Bank of Armenia

A modern approach to financial education must go beyond the mere transfer of knowledge and focus on actual financial behavior and people's well-being, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img