Banks’ lending to organizations shrinks 0.61% in Armenia

YEREVAN, June 6. /ARKA/. The loans provided by banks totaled AMD 3 235.3 billion in late April 2019 after growing 1.1% or by AMD 35.1 billion over one month, the Central Bank of Armenia reports.

According to the central bank, the loans provided to residents grew 1.49% to AMD 3 001.9 billion, of which AMD 1 459.2 billion have been lent in drams (up 3.9%), and AMD 1 542.7 billion in US dollars (down .69%).

The lending growth in April was significantly due to the loans provided to households, which grew 3.84% or by AMD 46.4 billion over one month to AMD 1 254.6 billion in late April.

The loans extended to organizations shrank 0.61% or by AMD 9.2 billion to AMD 1 518.5 billion.

Lending to non-profit companies totaled AMD 110.6 billion showing a 0.5% decline and to other financial organizations AMD 118 billion (6.7% growth).

Lending to non-residents amounted to AMD 233.3 billion (3.68% decline). ($1 –
AMD 479.79). -0—

spot_img

POPULAR

Inflation of 5.1% recorded in Armenia in June

In the Armenian consumer market, 12-month inflation in June of this year amounted to 5.1%, according to a report from the Statistical Committee of Armenia.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

Euro and ruble exchange rates against the Armenian dram rose, while the dollar remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 7, 2026, remained unchanged at 367.47 drams.

Jasmine Home: The Story of Young Sisters’ Business

Ten years ago, sisters Anna and Ani founded Jasmine Home, offering dozens of high-quality textile products—blankets, bedding sets, pillows, and many other items.

The Power of One Dram and the Armenian State Symphony Orchestra Conclude the Forest Project Launched in Shirak

The Power of One Dram, My Forest Armenia, and the Armenian State Symphony Orchestra have concluded the Symphonic Forest project, launched in Shirak with the goal of planting 20,000 trees.

LATEST NEWS

spot_imgspot_imgspot_img