Fri, 25 July
33.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Loans provided by banks of Armenia exceed AMD 3 trillion in late December 2018

YEREVAN, February 6. /ARKA/. The loans provided by banks of Armenia totaled AMD 3 128.5 billion in late December 2018 after growing 16.5% or by AMD 443.9 billion over one year, the Central bank of Armenia reports. Loans grew by AMD 42.8 billion in December alone.

The loans provided by the banks to residents have grown 16.5% since the beginning of the year to AMD 2 890.4 billion, of which AMD 1 331.5 billion has been lent in Armenian drams (38.5% growth) and AMD 1 558.8 billion in US dollars (2.6% growth).

According to the central bank’s report, the loans extended to organizations totaled AMD 1 534.9 billion (8.8% growth), to households AMD 1 139 billion (29.1% growth), to non-profit companies AMD 119.5 billion (12.5% growth) and to other financial organizations AMD 96.8 billion (17.9% growth).

Besides, AMD 238.1 billion had been lent to non-residents as of December 31, 2018 (16.1% growth). ($1 – AMD 487.65). -0–

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img