Sun, 19 October
12.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Banks in Armenia increase lending to residents by 1.5% to AMD 2 179.6 billion in April

YEREVAN, June 2. /ARKA/. In April 2017, banks in Armenia increased their lending to residents by 1.5% to AMD 2 179.6 billion, the Central Bank of Armenia says on its website.

According to the central bank’s report, loans in drams totaled AMD 772 billion in late April after growing 0.03% over one month and loans in foreign currencies amounted to AMD 1407.5 billion showing a 2.3% month-on-month growth.

The loans provided to companies grew 2.9% to AMD 1 243.7 billion, where loans in the national currency totaled AMD 198.6 billion and in foreign currencies AMD 1 045.1 billion.

Lending for households shrank 0.1% to AMD 796.5 billion, where loans in drams amounted to AMD 505.6 billion and in foreign currencies to AMD 290.9 billion.

Aggregate loans totaled AMD 2 474.3 billion in April (1% growth). ($1 – AMD 482.14). –0—-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img