Mon, 3 March
4.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

Armenian commercial banks’ credit exposure to investment companies reaches AMD 28.9 billion by late February

YEREVAN, April 22. /ARKA/. The total amount of the loans Armenian commercial banks have extended to investment companies grew 19.7% in February 2016, compared with the previous month, to AMD 28.9 billion, the Central Bank of Armenia says in a fresh issue of its monthly bulletin.

According to the bulletin, loans to investment companies in drams grew 22.5% reaching AMD 26 billion by late February, while those in foreign currencies shrank 1.1% to AMD 2.8 billion.

There are 21 registered commercial banks in Armenia now. ($1 – AMD 479.37). –0—-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

LATEST NEWS

spot_imgspot_imgspot_img