Tue, 10 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Lending to residents by Armenia-based banks increased to 1,819.5bln over May

YEREVAN, July 15. /ARKA/. The amount of lending to residents by 21 Armenia-based commercial banks exceeded 1,819.5 billion drams in May 2014, an increase of 0.5% from April, the Central Bank said in a statement posted on its official website.

According to the Central Bank, the lending in Armenia’s national currency, the dram, dropped by 0.4% to over from April. The lending to residents in foreign currencies increased by 1.1 % to about 1,138 billion drams.

Consumer loans accounted for 21.8% of the overall lending totaling about 402.7 billion drams as of the end of April (up 1.3 %). Trade accounted for about 18.5% in overall lending (344.6bln drams, 5% decline compared to April), followed by processing industry (9.7%, over 180.6bln drams, 0.3% increase against the month before). ($ 1 – 407.66 drams). -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

LATEST NEWS

spot_imgspot_imgspot_img