Sat, 7 February
0.1 C
Yerevan
USD: 377.70 RUB: 4.91 EUR: 445.38 GEL: 140.39 GBP: 512.84

Armenian banks’ net inflow AMD 97.2 billion in 2nd Q 2013

YEREVAN, August 28. /ARKA/. Net inflow of cash into Armenian banks amounted to about AMD 97.2 billion in the second quarter of this year.

ARKA News Agency’s analysis based on banks’ financial reports shows that the aggregate balance of these banks reached AMD 516.3 billion by late June against AMD 419.1 billion in early April.
Operational activities brought AMD 85.1 billion to the banks in the 2nd Q 2013.

Investment activities contracted their aggregate balance by more than AMD 1.8 billion, while financial activities filled it with AMD 16 billion.

Fluctuations in foreign exchange rates had an adverse impact which amounted to AMD 2.1 billion.
According to ARKA News Agency’s analysis, ten banks had their money shrunk by AMD 48.5 billion, while 11 banks enjoyed net inflow amounting to AMD 145.8 billion.

Twenty one banks with their 478 branches functioned in Armenia in late June. ($1 – AMD 405.94). —0—

spot_img

POPULAR

Acba bank launches the new American Express Gold Debit Card

Acba bank, American Express' licensee in Armenia, launches the new American Express Gold Debit Card, offering exclusive benefits in travel and for everyday spend*.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.

Central Bank of Armenia advocates for maximum rigor in identifying crypto company clients.

The chairman of the Central Bank of Armenia, Martin Galstyan, asserts that the process of identifying clients of cryptocurrency companies in the country should be as stringent as possible.

LATEST NEWS

spot_imgspot_imgspot_img