Sun, 20 July
29.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian banks’ overdrafts amounted to 275.9bln drams in Q2

YEREVAN, August 22. /ARKA/. Overdrafts paid by Armenia’s commercial banks in the second quarter of 2013 against the quarter before rose by 16.1% to 275.9 billion drams, according to an intermediate report analysis by ARKA Agency.

Bank VTB (Armenia) is the leader in overdrafts to clients by the end of June 2013, with a total of 115 billion drams paid in overdraft, an increase of 2.7% against the quarter before. Overdrafts were 59.2% of overall bank borrowing by Bank VTB (Armenia).

Among leaders in amount of overdrafts are also Unibank with 40. 1bln drams (no data available for Q1), Ardshininvestbank with 37.1bln drams (4.2% reduction), Armbusinessbank with 26.3bln drams (3.7% reduction) and Artsakhbank with 19.1bln drams (1.7% increase).

There were 21 commercial banks (with 478 branches) operating in Armenia as of the end of June 2013. ($1= 406.27drams).–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro falls by 1.14 drams against Armenian dram, as US dollar rises slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 11, 2025, increased by 0.17 points compared to July 10 and amounted to 383.91 drams.

“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.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Annual meeting of BSTDB Board of Governors to be held in Yerevan

The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.

LATEST NEWS

spot_imgspot_imgspot_img