Fri, 7 November
5.1 C
Yerevan
USD: 382.48 RUB: 4.73 EUR: 440.27 GEL: 141.40 GBP: 500.28

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

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.

“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.

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.

LATEST NEWS

spot_imgspot_imgspot_img