Sun, 14 December
4.1 C
Yerevan
USD: 381.77 RUB: 4.78 EUR: 447.70 GEL: 141.54 GBP: 510.66

Banks bought $101.4 million from local forex market last week

YEREVAN, October 9. /ARKA/. Armenian commercial banks purchased about $101.4 million from the local inter-bank forex market at the weighted average exchange rate of 477.63 drams for $ 1, the press service of the Central Bank said.

It said they also bought 11.38 million euros and about 1.35 billion Russian rubles at the weighted average exchange rates of 560.24 drams for €1 and 8.23 ​​drams for 1 ruble, respectively. At the same time, they sold, about $107.1 million, €21 million and 598.8 million rubles at the weighted average exchange rates of 478.81 drams, 564.35 drams and 8.32 drams, respectively.

No transactions with USD were reported by NASDAQ OMX Armenia stock exchange during the reporting period.

Besides, from September 25 to October 1, the banks provided about 49.7 billion drams in loans in the national currency and $70.8 million in USD. ($ 1- 477.75 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img