Fri, 28 November
7.1 C
Yerevan
USD: 381.07 RUB: 4.86 EUR: 441.47 GEL: 141.14 GBP: 503.97

Armenia’s commercial banks purchased over $90.5 mln last week

YEREVAN, August 12. /ARKA/. Armenian commercial banks purchased over $90.5 million at an average weighted rate of 408.84 drams per $1 from August 5 to 9 at intra-banking market of foreign currency, the press service of Armenia’s Central Bank reported.

At the same period, the banks obtained nearly 7.6 million euros and over 854.7 million rubles at average weighted rates of 542.69 drams per €1 and 12.34 drams per 1 ruble respectively.

The banks sold about $94.9 million, nearly €11.1 million and nearly 87.8 million rubles at average weighted rates of 409.81 drams, 546.07 drams and 12.52 drams respectively.

Moreover, from 5 to 9 August AMD loans provided by the Armenian banks totaled 37 billion drams, and USD loans were $58.9 million. ($1 – 407.48 drams).–0–

spot_img

POPULAR

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.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img