Wed, 23 July
34.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian banks’ lending increased last year by 15% to 2.4 trillion drams

YEREVAN, February 3, /ARKA/. Armenian banks’ lending increased last year by 15% or 316.5 billion drams ($650 million) from 2015 to 2.4 trillion drams, according to Armenia’s Central Bank. Loans provided to residents only amounted to 2.116.8 trillion drams, having grown by 5.5%.

Of this amount 64.7% were provided in foreign currency, which last year increased by only 3.5% to the equivalent of 1.370.5 trillion drams, while loans in Armenian national currency grew by 9.6% to 746.3 billion drams.

Loans provided to corporate clients increased by 7.4% to 1.211.1 trillion drams, including 197.7 billion drams in Armenian national currency (a 10.2% growth), and the equivalent of 1.013.4 trillion drams in foreign currency (a 7% growth).

Incidentally, lending to Armenian households in 2016 fell by 0.04% only to 779.6 billion drams. The decline was due to the reduction in lending in foreign currency by 6.2% to the equivalent of 293.8 billion drams, while lending in drams increased by 4.1% to 485.7 billion drams.

Some 319.2 billion drams worth loans were provided to non-residents, an increase of 2.7 times. To date, there are 17 commercial banks operating in Armenia. ($ 1 – 485.91 drams). -0-

spot_img

POPULAR

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

LATEST NEWS

spot_imgspot_imgspot_img