Armenia’s commercial banks purchase about $68.8 mln at intra-banking forex market last week

YEREVAN, February 23. /ARKA/. Armenian commercial banks purchased about $68.8 mln at a weighted average rate of 478.13 drams per $1 in intra-banking foreign exchange market on February 16 to 20, the press service of the Central Bank reported.

In the same period, about 8.3 mln euros and about 576.3 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 543.77 drams per €1 and 7.55 drams per ruble respectively.

At the same time, about $65.2mln, €12.3mln and about 240.9 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 480.02 drams, 548.36drams and 7.82 drams respectively.

Dram loans extended by Armenian banks during the week before (February 9-15) totaled about 38.4 bln drams; dollar loans amounted to a total of $40.3mln. ($1=478.95drams). –0–

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 21, 2026, increased by 0.75 points compared to July 20, reaching 366.68 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram have fallen: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of July 23, 2026, fell by 0.94 points compared to July 22, to 365.95 drams.

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 13–19)

YEREVAN, July 20. /ARKA/. Key events of the past...

LATEST NEWS

spot_imgspot_imgspot_img