Thu, 26 February
14.1 C
Yerevan
USD: 377.04 RUB: 4.90 EUR: 444.91 GEL: 141.00 GBP: 510.36

Around $94.1 million bought by Armenian banks last week

YEREVAN, August 7. /ARKA/. Armenia’s commercial banks bought around $94.1 million from the local foreign currency market on July 28 to August 4 at the average weighted exchange rate of 477.84 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 12 million euros and 1.3 billion Russian rubles at the average weighted exchange rates of 560.73 and 7.91 drams per one euro and one ruble respectively.

The banks also sold about $86.47 million, € 14.5 million and 510.8 million rubles at average weighted exchange rates of 479.25, 566.85 and 8 drams respectively.

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

In addition, from July 24 to 30, the banks provided 38.7 billion drams worth loans in the national currency and $56 million worth loans in USD. ($ 1- AMD 478.77 drams). –0—-

spot_img

POPULAR

Euro and dollar exchange rates against the Armenian dram rose, while the ruble continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of February 26, 2026, increased by 0.12 points compared to February 25, reaching 377.04 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell after two days of gains: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 25, 2026, fell by 0.92 points compared to February 24, to 376.92 drams.

Net profit of Armenian credit institutions in 2025 increased 2.9-fold to 56.9 billion drams

The total net profit (after tax) of Armenian credit institutions in 2025 amounted to 56.87 billion drams, compared to 19.50 billion drams in 2024 (an increase of 2.9-fold, or 191.6%).

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (February 16-22)

Last week, the Armenian financial market was distinguished by intensified institutional interactions in the banking sector and debt market dynamics.

Ranking of most profitable credit institutions in Armenia by the end of 2025

ARKA News Agency has published a ranking of the most profitable credit institutions in Armenia for 2025.

LATEST NEWS

spot_imgspot_imgspot_img