Armenian banks bought about $94 million last week

YEREVAN, June 27. / ARKA /. Armenia’s commercial banks bought a total of $93.9 million from the local foreign currency market on June 20- 24 at the average weighted exchange rate of 475.88 drams per one USD, the Central Bank said.

It said the banks also bought 12.1 million euros and 1.2 billion Russian rubles at the average weighted exchange rates of 536.01 and 7.34 drams per one euro and one ruble respectively.

The banks also sold about $68.1 million, € 11.3 million and 380.4 million rubles at average weighted exchange rates of 477.11, 538.07 and 7.43 drams respectively.

In addition, from June 13 to 19 May, the banks provided 36.7 billion drams worth loans in the national currency and $31.1 million worth loans in USD. ($ 1- 476.02 drams).  -0-

spot_img

POPULAR

Armenia plans to significantly increase capital expenditure on infrastructure — Ministry of Finance

Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.

Two banks in Armenia accounted for half of the growth in the banking sector’s assets and loan portfolios in the third quarter

Ardshinbank and Ameriabank accounted for 50.30% of the net growth in assets and 51.58% of the net growth in loan portfolios among Armenian banks during the third quarter of 2026, according to an operational bulletin from the ARKA news agency.

Dollar and ruble exchange rates rose, while the euro continued to decline: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.05 points on October 27, 2026, compared to October 26, 2026, to 360.93 drams.

Central Bank of Armenia increased the countercyclical capital buffer for banks to 2.25%

The Board of the Central Bank of Armenia has decided to increase the countercyclical capital buffer for banks by 0.25 percentage points, setting it at 2.25% of risk-weighted assets.

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img