Armenia’s commercial banks purchase about $89.5 mln at intra-banking forex market last week

YEREVAN, September 16. /ARKA/. Armenian commercial banks purchased about $89.5mln at a weighted average rate of 48.88rams per $1 in intra-banking foreign exchange market on September 8 to 12, the press service of the Central Bank reported.

In the same period, 10.1 mln euros and about 1 bln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 527.61 drams per €1 and 10.92 drams per ruble respectively.

At the same time, about $99.5mln, about €13.8mln and 106.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 409.95drams, 531.04drams and 11.08drams respectively.

Dram loans extended by Armenian banks during the week before (September 1-8) totaled about 33.6bln drams; dollar loans amounted to a total of $34.6mln. ($1=409.06drams). –0–

spot_img

POPULAR

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

Central Bank raised the rate: what could happen to loans and deposits – and why not right away

The Central Bank of Armenia's increase in the monetary policy rate to 6.75% does not automatically and immediately lead to higher rates on bank loans and deposits.

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

Acba Bank and “Armenian Programs” have simplified banking operations for businesses

As part of the collaboration between Acba Bank and Armenian Programs, banking operations and accounting have been combined into a single, integrated system.

LATEST NEWS

spot_imgspot_imgspot_img