Tue, 4 November
0.1 C
Yerevan
USD: 382.55 RUB: 4.73 EUR: 440.47 GEL: 141.19 GBP: 502.25

Armenian banks bought about $80 million last week

YEREVAN, September 3. /ARKA/. Seventeen Armenia-based commercial banks bought about $80.2 million from August 27 to August 31 at the local forex market at the weighted average rate of 482.06 drams for $1, the press service of the Central Bank reported.

It said also the banks bought 9.8 million euros and about 1.571 billion Russian rubles at the weighted average rate of 560.11 drams for €1 and 7.07 drams for 1 ruble, respectively.

At the same time, they sold about $94.5 million, €15 million and 699.6 million Russian rubles at the weighted average rates of 483.34 drams, 564.46 drams and 7.18 drams respectively.

Besides, from August 20 to August 26, the banks provided about 62.1 billion drams worth loans in the Armenian national currency and about $28 million worth loans in USD. ($ 1- 482.16 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

LATEST NEWS

spot_imgspot_imgspot_img