Tue, 5 August
40.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Armenian banks bought $69.2 million last week

YEREVAN, September 11. /ARKA/. Armenian commercial banks bought a total of $69.2 million from the local intra-bank foreign currency market from September 4 to September 8 at the weighted average exchange rate of 477.51 drams for $1, the press service of the Central Bank reported.

It said they also bought 9.1 million euros and about 1.15 billion Russian rubles at the weighted average exchange rates of 568.12 drams for €1 and 8.26 drams per 1 ruble, respectively.

The banks were said to have also sold about $77.5 million, €11.7 million and 506.3 million rubles at the weighted average exchange rates of 478.85 drams, 571.69 drams and 8.35 drams, respectively.
No transactions with the US dollars were effected at the NASDAQ OMX Armenia stock exchange during the reporting period.

Besides, from August 28 to September 3, Armenian banks provided 39.5 billion drams worth loans in the national currency as well as $81 million worth loans in USD. ($ 1- 478.16 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img