Mon, 3 November
5.1 C
Yerevan
USD: 382.65 RUB: 4.73 EUR: 442.76 GEL: 141.15 GBP: 502.42

Armenia’s commercial banks purchase over $88.8mln last week

YEREVAN, August 5. /ARKA/. Armenian commercial banks purchased over $88.8mln at a weighted average rate of 409.22 drams per $1 in intra-banking foreign exchange market from July 29 to August 2, the Central Bank reported.

At the same time, the banks obtained about 6.3mln euros and over 848.7 mln rubles at weighted average exchange rates of 541.61 drams per €1 and 12.36 drams per ruble respectively.

At the same time, the banks sold about $102 mln, about €10.8mln and nearly 118.2mln rubles at weighted average exchange rates of 410.50, 545.30 and 12.53 drams respectively.

AMD loans provided by Armenian banks from 22 to 28 July totalled 28bln drams; dollar loans amounted to $60.1mln. ($1=410.11drams).–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

LATEST NEWS

spot_imgspot_imgspot_img