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

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

EDB has identified three main drivers of economic growth in Armenia

The Eurasian Development Bank (EDB) has identified the services sector, construction, and industry as the main drivers of economic growth in Armenia in January–May 2026.

Artur Nakhshikyan has joined the Supervisory Board of Unibank

Artur Nakhshikyan, Director of Operational Risk Management at the Black Sea Trade and Development Bank, has been elected as an independent member of Unibank’s Supervisory Board.

LATEST NEWS

spot_imgspot_imgspot_img