Armenian banks bought $100.5 million from local forex market last week

YEREVAN, December 17, /ARKA/. Seventeen Armenia-based commercial banks bought about $100.5 million at the local intrabank foreign currency market from December 10 to December 14 at the weighted average exchange rate of 484.44 drams for $1, the Central Bank reported.

It said also over the same period, they bought 13.1 million euros and about 1.293.5 billion Russian rubles at the weighted average rates of 549.25 drams for €1 and 7.26 drams for 1 Russian ruble, respectively.

Also they sold about $96.6 million, €22.1 million and 675 million Russian rubles at the weighted average exchange rates of 485.77 drams, 551.88 drams and 7.35 drams respectively.

Besides, from December 3 to December 9 they provided about 59.5 billion drams worth loans in Armenian drams, and $45.6 million loans in US dollars. ($ 1–484.87 drams). -0-

spot_img

POPULAR

Armenia to Contribute an Additional €8.2 Million to the Capital of the Black Sea Trade and Development Bank

Armenia will contribute an additional €8.2 million to the authorized capital of the Black Sea Trade and Development Bank (BSTDB).

From Dream to Reality: IDBank’s Special Mortgage Terms at TOON EXPO.Invest 2026

True to its commitment to offering flexible and modern financial solutions, IDBank participates in TOON EXPO.Invest 2026 Vol. 2 with special mortgage offers.

Ranking of Armenian Credit Organizations by Credit and Leasing Portfolio as of September 30, 2026

The ARKA agency has published a ranking of Armenia’s largest credit organizations based on the volume of their credit investments and leasing operations as of September 30, 2026.

IDBank Presents the Rate.Trading Digital Platform at Toon Expo.Invest 2026

IDBank participated in Toon Expo.Invest 2026 Vol. 2, one of the region’s largest real estate and investment exhibitions.

Net profit of Armenian credit institutions fell by 26.62% over the first 9 months, to 30.27 billion drams

The aggregate net profit of credit organizations in Armenia for the period from January to September 2026 totaled 30.27 billion drams, down 26.62% from the 41.26 billion drams recorded during the same period in 2025.

LATEST NEWS

spot_imgspot_imgspot_img