Armenia’s commercial banks purchase over $78.6 mln at intra-banking forex market last week

YEREVAN, April 14. /ARKA/. Armenian commercial banks purchased more than $78.6mln at a weighted average rate of 414.73drams per $1 in intra-banking foreign exchange market on April 7-11, the press service of the Central Bank reported.

In the same period, over 5mln euros and about 594.2mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 570.97 drams per €1 and 11.59drams per ruble respectively.

At the same time, about $82.95mln, about €9.1mln and 116mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 415.936drams, 574.08drams and 11.70drams respectively.

Dram loans extended by Armenian banks during the week before (March 31-April 6) totalled 42.9bln drams; dollar loans amounted to a total of $56.2mln. ($1=415.44drams).–0–

spot_img

POPULAR

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

Armenian commercial banks transferred 116.2 billion drams to the state budget for January-June 2026

All 17 operating commercial banks in Armenia were included in the list of the country's 1,000 largest taxpayers for the first half of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

Armenian banks’ capital amounted to nearly 2.23 trillion drams at the end of June, representing a 13.63% increase year-on-year

The total capital of Armenian banks as of June 30, 2026, amounted to 2 trillion 226.85 billion drams, an increase of 13.63% compared to June 30, 2025, and a decrease of 3.13% compared to March 31, 2026.

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

LATEST NEWS

spot_imgspot_imgspot_img