Fri, 27 February
1.1 C
Yerevan
USD: 377.00 RUB: 4.88 EUR: 444.78 GEL: 140.99 GBP: 507.97

Armenian banks bought $75.8 million in one week

YEREVAN, February 1. /ARKA/. Armenia-based commercial banks bought a total of $75.8 million from the local foreign exchange intra-market from January 25 to 29 at the weighted average exchange rate of 487.13 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 5.4 million Euros and about 1.1 billion Russian rubles at weighted average exchange rates of 527.37 per one Euro and 6.11 drams per one ruble.

The banks also sold $91.4 million, €9.2 million and 527.2 million Russian rubles at the weighted average exchange rates of 489.05 drams, 532.63 drams and 6.2 drams respectively.

Besides, from January 18 to 24 the banks extended about 37.7 billion drams worth loans in the Armenian national currency and $37 million in the US currency. ($1 – AMD 488.75). –0—-

spot_img

POPULAR

Ranking of largest credit institutions in Armenia by asset volume in 2025

ARKA News Agency has published a ranking of Armenia's largest credit institutions by total assets for 2025.

Armenia’s public debt net of liquid assets will remain stable at 44% of GDP in the medium term – S&P

Taking into account the narrowing budget deficits and high nominal GDP growth, the international rating agency S&P Global Ratings forecasts that Armenia's public debt net of liquid assets will remain broadly stable at a moderate 44% of GDP in the medium term.

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

Armenia’s reserves reached a record $5.2 billion in 2025, forming an external resilience buffer – S&P

Armenia's international reserves strengthened significantly in 2025, providing an important buffer against unpredictable external factors, according to a report from international rating agency S&P Global Ratings.

Acba Bank Group Develops a Transparent Management System

Acba Bank Group continues large-scale reforms of its corporate governance culture to improve management efficiency, transparency, and accountability.

LATEST NEWS

spot_imgspot_imgspot_img