Mon, 7 April
13.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Foreign portfolio investments in Armenia’s financial organizations at $1,643.8mln in 9 months

YEREVAN, December 5. /ARKA/. Portfolio investments made by non-residents in the authorized stock of Armenia’s financial organizations and provided in loans amounted to a total of $ 1,643.8 million in January-September, a reduction of 12.8% compared to the same period of the year before, ArmStat reported.

Direct portfolio investments alone were $23.2 million in the period, a 19.2% reduction.
ArmStat says Denmark was the leader in portfolio investments in Armenia’s financial organizations in January-September ($678.9mln).

The next two top investing countries were Russia ($529.2mln) and Germany ($239.8mln) in the period.
Portfolio investments by international organizations amounted to $69.6 million in the nine months compared to $110 million in the same period of the year before.

Aggregate foreign investments in Armenia’s real economy (excluding the public administration and funds through the banking system) were $395.6 in the period, a reduction of 31.7% against January-September 2012.  –0–

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Volume of Armenian banks’ loans to SMEs in 2024 amounted to 1.6 trillion drams – UBA head

Loans issued by Armenian banks to small and medium-sized enterprises (SMEs) in 2024 amounted to 1.6 trillion drams, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).

Net inflow of remittances to Armenia from abroad decreased by more than 1.7 times in 2 months of 2025

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $87.5 million in January-February 2025, compared to $153.9 million in January-February 2024, according to the report from the Central Bank of Armenia.

Central Bank of Armenia is examining vulnerabilities in online lending due to fraud

Armenia's Central Bank is investigating possible vulnerabilities in the protection of online express lending systems due to the increasing number of fraud cases, Central Bank head Martin Galstyan said.

LATEST NEWS

spot_imgspot_imgspot_img