Sun, 15 February
0.1 C
Yerevan
USD: 376.94 RUB: 4.88 EUR: 446.90 GEL: 140.43 GBP: 513.28

Education loans in April grow by 2.9% to about 4 billion drams

YEREVAN, June 10. /ARKA/. In 2016 April Armenian commercial banks provided about 3.98 billion drams worth education loans, by 2.9% more than in March, according to the monthly bulletin of the Central Bank of Armenia.

About 55% of loans or 2.2 billion drams, provided in April were in foreign currency, by 2.2% less than in March.

The amount of loans in drams was 9.6% higher than in March amounting to 1.8 billion drams.
At present, there are 20 commercial banks in Armenia. ($ 1 – 478.87 drams). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (February 2–8)

Last week, Armenia's financial market was shaped by monetary policy decisions, changes to payment infrastructure regulations, and regulatory signals regarding the cryptocurrency sector.

Since 2018, Armenian citizens have received 300 billion drams in income tax refunds for mortgage repayments – Ministry of Social Affairs

From 2018 to 2026, approximately 300 billion drams have been transferred to Armenian citizens under the income tax refund program for mortgage interest repayments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Euro and dollar rise against Armenian dram, while ruble weakens

The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of February 9, 2026, rose by 0.27 points compared to February 6, reaching 377.97 drams.

The average exchange rate of the Armenian dram to the US dollar in January was 4.5% lower than a year ago

In January 2026, the average exchange rate of the Armenian dram to the US dollar was 380 drams, compared to 397.9 drams in January 2025.

Armenian pensioners urged to choose a bank for cashless payments by March 5

The Armenian Ministry of Labor and Social Affairs has urged pensioners and benefit recipients who continue to receive payments in cash to choose a bank by March 5, 2026, to switch to cashless payments.

LATEST NEWS

spot_imgspot_imgspot_img