Thu, 19 February
8.1 C
Yerevan
USD: 376.94 RUB: 4.92 EUR: 444.34 GEL: 140.85 GBP: 508.34

Around $87 million bought by Armenian banks last week

YEREVAN, September 17. /ARKA/. Armenia’s commercial banks bought around $87 million from the local foreign currency market on September 10 to 14 at the average weighted exchange rate of 484.47 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 16.8 million euros and 1 350.4 million Russian rubles at the average weighted exchange rates of 561.52 and 6.94 drams per one euro and one ruble respectively.

The banks also sold about $90.7 million, € 17.4 million and 713.8 million rubles at average weighted exchange rates of 485.89, 564.61 and 7.03 drams respectively.

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

In addition, from September 3 to 9, the banks have provided 84.2 billion drams worth loans in the national currency and $47.2 million worth loans in USD. ($ 1- AMD 485.09 drams). –0—-

spot_img

POPULAR

Euro fell 2.54 points against the Armenian dram, while the dollar and ruble also declined

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 19, 2026, fell by 0.74 points compared to February 18, to 376.94 drams.

U.S. dollar, euro, and ruble drop against Armenian dram

As of February 13, 2026, the average market exchange rate for the US dollar against the Armenian dram, established on the foreign exchange market, has dropped by 0.63 points from February 12, now standing at 376.94 drams.

Armenian banks’ loan portfolio reached AMD 7.9 trillion in 2025 – Union of Banks of Armenia

The loan portfolio of Armenia's banking system increased to AMD 7.9 trillion by the end of 2025 from AMD 6.4 trillion in the same period of 2024, stated Daniel Azatyan, head of the Union of Banks of Armenia.

Since 2018, Armenian citizens have received 300 billion drams in income tax refunds for mortgage repayments – Ministry of Social Affairs

From 2018 to 2026, approximately 300 billion drams have been transferred to Armenian citizens under the income tax refund program for mortgage interest repayments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Head of the Union of Banks of Armenia named the riskiest lending sectors

Daniel Azatyan, the head of the Union of Banks of Armenia, identified mortgage and consumer lending as areas that require attention in the context of the risk of credit market overheating.

LATEST NEWS

spot_imgspot_imgspot_img