Sun, 28 September
11.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Around $93.3 million bought by Armenian banks last week

YEREVAN, December 4. /ARKA/. Armenia’s commercial banks bought around $93.3 million from the local foreign currency market on November 27 to December 4 at the average weighted exchange rate of 483.31 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 13.1 million euros and 1.89 billion Russian rubles at the average weighted exchange rates of 573.27 and 8.35 drams per one euro and one ruble respectively.

The banks also sold about $99 million, € 18.4 million and 475.6 million rubles at average weighted exchange rates of 484.50, 576.67 and 8.35 drams respectively.

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

In addition, from November 20 to 26, the banks provided 48.2 billion drams worth loans in the national currency and $47.2 million worth loans in USD. ($ 1- AMD 484.21 drams). –0—-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img