Fri, 31 January
-7.9 C
Yerevan
USD: 397.92 RUB: 4.07 EUR: 413.72 GEL: 138.41 GBP: 494.50
spot_img

Around $86.8 million bought by Armenian banks last week

YEREVAN, November 5. /ARKA/. Armenia’s commercial banks bought around $86.8 million from the local foreign currency market on October 1 to 5 at the average weighted exchange rate of 485.58 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 10.7 million euros and 1 664.7 million Russian rubles at the average weighted exchange rates of 550.94 and 7.36 drams per one euro and one ruble respectively.

The banks also sold about $93.5 million, € 21.7 million and 780.8million rubles at average weighted exchange rates of 487.08, 555.13 and 7.45 drams respectively.

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

In addition, from September 22 to 28, the banks have provided 58.3 billion drams worth loans in the national currency and $45.5 million worth loans in USD. ($ 1- AMD 487.16 drams). -0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch Affirms Armenia at ‘BB-‘; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

LATEST NEWS

spot_imgspot_imgspot_img