Tue, 13 May
16.1 C
Yerevan
USD: 388.86 RUB: 4.80 EUR: 430.74 GEL: 141.89 GBP: 511.04
spot_img

Armenia’s commercial banks purchase about $66.9 mln at intra-banking forex market last week

YEREVAN, June 1. /ARKA/. Armenian commercial banks purchased about $66.9 mln at a weighted average rate of 477.79 drams per $1 in intra-banking foreign exchange market on May 25 to 29, the press service of the Central Bank reported.

In the same period, about 4.7 mln euros and about 657.7 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 522.89 drams per €1 and 9.36 drams per ruble respectively.

At the same time, about $63.1mln, €8.9mln and about 214 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 480.1 drams, 528.16 drams and 9.49drams respectively.

Dram loans extended by Armenian banks during the week before (May 18 to May 24) totaled about 33.3bln drams; dollar loans amounted to a total of $33.1mln. ($1=478.54 drams). –0–

spot_img

POPULAR

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q1 2025 increased by 32.4% to AMD 6.424 billion

The loan portfolio of the Armenian banking system, net of reserves, increased by 32.4% in the first quarter of 2025 compared to the same period last year, amounting to AMD 6.424 billion.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

LATEST NEWS

spot_imgspot_imgspot_img