Around $194.2 million bought by Armenian banks last week

YEREVAN, March 19. /ARKA/. Armenia’s commercial banks bought around $194.2 million from the local foreign currency market on February 26 to March 2 at the average weighted exchange rate of 480 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 19.4 million euros and 1.65 billion Russian rubles at the average weighted exchange rates of 590.60 and 8.39 drams per one euro and one ruble respectively.

The banks also sold about $166.5 million, € 30.8 million and 1.67 billion rubles at average weighted exchange rates of 481.18, 594.59 and 8.47 drams respectively.

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

In addition, from February 126 to March 11, the banks have provided 97.3 billion drams worth loans in the national currency and $72.5 million worth loans in USD. ($ 1- AMD 480.39 drams). -0—-

spot_img

POPULAR

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

Acba Bank and Bank of New York Mellon launch partnership

Armenian Acba Bank is expanding its international partner network by partnering with one of the world's most respected financial institutions, The Bank of New York Mellon, the bank's press service reported.

Some 68% of March inflation in Armenia contributed by food and non-alcoholic beverages-WB

In March, Armenia's inflation rose to 4.5 percent (yoy) from 4.3 percent (yoy) in February, according to World Bank's Armenia Monthly Economic Update – April 2026.

Unibank issues USD bonds with a 5.6% yield

Unibank announces a new issue of USD bonds in the amount of 5 million USD.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

LATEST NEWS

spot_imgspot_imgspot_img