Tue, 1 July
25.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Armenian banks increase lending by AMD 63.2 billion in May

YEREVAN, July 4. /ARKA/. The loans provided by Armenia’s banks in May 2018 total AMD 2 861.2 – this is 2.2% more than the lending of the previous month.

According to the central bank’s report, lending to residents totaled AMD 2 656 billion in late May after growing by AMD 48.5 billion or 1.8% over one month.

Lending to entrepreneurs grew 2.2% or by AMD 33.3 billion to AMD 1 506.5 billion and to households 1.9% or by AMD 957.28 billion to AMD 957.28 billion.

Lending to nonresidents amounted to AMD 205.2 billion in late May showing a 7.7% month-on-month growth. ($ 1 – AMD 482.7). -0—

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img