Around $89.8 million bought by Armenian banks last week

YEREVAN, March 20. /ARKA/. Armenia’s commercial banks bought around $89.8 million from the local foreign currency market on March 13 to 17 at the average weighted exchange rate of 483.89 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 15.9 million euros and 847.3 million Russian rubles at the average weighted exchange rates of 513.98 and 8.19 drams per one euro and one ruble respectively.

The banks also sold about $91.3 million, € 11.4 million and 416.4 million rubles at average weighted exchange rates of 485.34, 518.22 and 8.30 drams respectively.

No dollar exchange transactions have been effected at NASDAQ OMX Armenia stock exchange over the mentioned period.

In addition, from March 6 to 12, the banks provided 37.3 billion drams worth loans in the national currency and $53.9 million worth loans in USD. ($ 1- 483.51 drams). –0—-

spot_img

POPULAR

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

LATEST NEWS

spot_imgspot_imgspot_img