Armenian banks’ financial leasing drops by 2.7% to 2.7 billion drams

YEREVAN, April 15. /ARKA/. Armenian commercial banks’ financial leasing in February 2016 fell by 2.7% from January to 2.7 billion drams, according to the monthly bulletin of the Central Bank for February 2016.

The amount of factoring in February amounted to 25 billion drams, which was 0.9% more than in January. Bank guarantees amounted to 58 billion drams, a 0.12% growth, and letters of credit – to 29.4 billion drams, a growth of 2.6%. ($ 1 – 483.03 drams). -0-

spot_img

POPULAR

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

LATEST NEWS

spot_imgspot_imgspot_img