Mon, 3 March
2.1 C
Yerevan
USD: 393.35 RUB: 4.45 EUR: 409.08 GEL: 140.73 GBP: 495.31
spot_img

Around $93.1 million bought by Armenian banks last week

YEREVAN, July 2. /ARKA/. Armenia’s commercial banks bought around $93.1 million from the local foreign currency market on June 25 to 29 at the average weighted exchange rate of 481.52 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 11.5 million euros and 1 561 million Russian rubles at the average weighted exchange rates of 558.16 and 7.61 drams per one euro and one ruble respectively.

The banks also sold about $114.3 million, € 16.5 million and 552 million rubles at average weighted exchange rates of 482.70, 562.91 and 7.70 drams respectively.

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

In addition, from June 18 to 24, the banks have provided 61.9 billion drams worth loans in the national currency and $63.2 million worth loans in USD. ($ 1- AMD 482.24 drams). -0—-

spot_img

POPULAR

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

Euro down 2.2 points to AMD 412.42

The average market exchange rate of the U.S. dollar to the Armenian dram on February 19, 2025, totaled 395.72 drams, down 0.51 points compared to February 18.

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Gap between loans and deposits in Armenian banks narrowed 6 times to AMD 89 bln in r 9 months – EFSD

Bank lending growth rates in Armenia exceeded the growth rates of deposits (21.1% and 10.8% y/y, respectively) by the end of September 2024,  contributing to the reduction of excess liquidity in the banking sector, the Eurasian Fund for Stabilization and Development (EFSD) regional economic review “Winter 2024-2025” says.

Share of problem loans in Armenia has decreased to 1.2% – EFSD report

The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”

LATEST NEWS

spot_imgspot_imgspot_img