Fri, 31 January
2.1 C
Yerevan
USD: 397.92 RUB: 4.07 EUR: 413.72 GEL: 138.41 GBP: 494.50
spot_img

Armenian banks bought $67 million from local forex market in four days

YEREVAN, September 28. / ARKA /. Armenian commercial banks bought a total of $66.9 million from local forex intra-market on September 22-25 at the weighted average exchange rate of 475.47 drams per $1, the press service of the Central Bank said.

They also bought 9.9 million euros and 893.6 million Russian rubles at the weighted average exchange rates of 530.34 drams and 7.11 drams respectively.

In the same time span the banks sold about $89.2 million, €11.5 million and about 277.7 million Russian rubles at the weighted average exchange rates of 477.27, 536.12 and 7.27 drams respectively.

Besides, from September 14 to 20 the banks issued 38.6 billion drams worth loans in Armenian currency and $40.9 million loans in USD. ($ 1 – 475.35 drams) .- 0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Fitch Affirms Armenia at ‘BB-‘; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

LATEST NEWS

spot_imgspot_imgspot_img