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

IDBank, Visa, and Wizz Air Launch New Travel Privileges in Armenia

IDBank is the first in the CIS and Southeastern Europe to introduce the new Visa Wizz Air Platinum co-branded travel card.

Head of Central Bank of Armenia explained why the strengthening of the dram does not offset the rise in global commodity prices

At a press conference on Tuesday, Martin Galstyan, Chairman of the Central Bank of Armenia, commented on the impact of the strengthening of the dram on the price dynamics of imported goods.

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

LATEST NEWS

spot_imgspot_imgspot_img