Mon, 24 February
-13.9 C
Yerevan
USD: 394.41 RUB: 4.46 EUR: 412.67 GEL: 140.79 GBP: 498.77
spot_img

Armenia’s commercial banks purchase about $110.3 mln at intra-banking forex market last week

YEREVAN, October 6. /ARKA/. Armenian commercial banks purchased about $110.3mln at a weighted average rate of 407.33rams per $1 in intra-banking foreign exchange market on September 29 to October 3, the press service of the Central Bank reported.

In the same period, 8.4 mln euros and about 921.4 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 514.47 drams per €1 and 10.24 drams per ruble respectively.

At the same time, about $112.1mln, €24.9mln and 167.1mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 408.34drams, 517.98drams and 10.41drams respectively.

Dram loans extended by Armenian banks during the week before (September 22-28) totaled about 37.6bln drams; dollar loans amounted to a total of $61.9mln. ($1=407.88drams). –0–

spot_img

POPULAR

Central Bank of Armenia has no plans to tighten liquidity requirements for banks (EXCLUSIVE)

Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in  response to  ARKA News Agency's inquiry about whether it was planning to  toughen prudential requirements for banks, particularly, the liquidity ratio because of  the large inflow of non-resident funds

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

III Capital Markets Armenia to Be Held in Yerevan

On March 20, the annual III Capital Markets Armenia conference—one of the key events for the financial and investment community in the region—will take place at the Marriott Hotel, Yerevan.

 EDB expects inflation to accelerate in Armenia

The pace of price growth in Armenia is expected to gradually increase in the coming months, driven by the easing of monetary policy and the recovery in global food prices, according to the weekly macro review of the Eurasian Development Bank (EDB).

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

LATEST NEWS

spot_imgspot_imgspot_img