Interbank lending in February surges by 67 percent year-on-year

YEREVAN, April 15. /ARKA/. The amount of interbank lending in February, including REPO transactions, surged by almost 67% from the year before to about 75 billion drams, according to the monthly bulletin of the Central Bank of Armenia for February 2016. In comparison with January interbank loans increased by 11.4%, it says.

Inter-bank loans in foreign currency totaled the equivalent of 31.7 billion drams, having decreased  by 25.4% from February 2015.

According to Central Bank data, the volume of interbank loans in drams amounted to about 43.3 billion, having increased by 18 times. ($ 1 – 483.03 drams). -0

spot_img

POPULAR

Central Bank of Armenia views stablecoins as a strategic priority

The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

Armenian Card reported technical issues

The national payment system Armenian Card CJSC (ArCa) reported technical issues.

IDBank Participates in Regional Conference of the Union of Banks of Armenia, Presenting Innovative Tools for the SME Sector

IDBank took part in the regional conference “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region,” held in Vanadzor and organized by the Union of Banks of Armenia.

Central Bank of Armenia website and centralized registry of bank accounts may be unavailable for four hours on April 14

The Central Bank of Armenia website and the centralized registry of bank accounts may be temporarily unavailable on April 14 from 7:00 PM to 11:00 PM due to scheduled maintenance of the information systems.

LATEST NEWS

spot_imgspot_imgspot_img