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

Armenian commercial banks bought $66.5 million last week

YEREVAN, November 16. / ARKA /. Armenian commercial banks bought a total of $66.5 million at the local forex market from the 9th to 13th of November at the average weighted  exchange rate of 479.98 drams per one USD, the Central Bank said.

They also bought 4.4 million euros at the exchange rate of 515.1 drams per one euro and 905.5 million Russian rubles at the exchange rate of 7.37 drams per one ruble.

At the same time, they sold about $73.7 million, €13 million  and about 365 million Russian rubles at the average weighted exchange rates of 482.61, 519.99 and 7.53 drams respectively.

Besides, from November 2 to 8 the banks issued about 40.8 billion drams worth loans in the Armenian national currency and $27.4 million worth loans in US currency. ($1 – 481.76 drams).. –0–

spot_img

POPULAR

Viva Armenia Issues its First Bonds Worth $80 Million

Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.

Deposits in Armenian banks at the end of 2024 amounted to AMD 6.46 trillion

The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.

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.

Euro exchange rate falls by 2.2 points to AMD 411.16

The average market exchange rate of the U.S. dollar to the Armenian dram on February 6, 2025, amounted to 396.83 drams, having increased by 0.25 points compared to February 5.

LATEST NEWS

spot_imgspot_imgspot_img