Armenia’s financial indicators remain sound, registering marginal changes in capital adequacy and profitability –World Bank

YEREVAN, November 1. /ARKA/.  Financial indicators remained sound, registering marginal changes in capital adequacy and profitability, the World Bank’s says in its  ‘Armenia Monthly Economic Update – October 2023.

It says the capital adequacy ratio increased marginally by 0.1 percent (mom), to 20.2, while the ratio of non-performing loans (NPLs) marginally decreased from 2.9 in July to 2.8 percent in August.  Return to assets also increased slightly from 3 percent in July to 3.1 percent in August. In August, banking credits and deposits grew by 1.6 percent and 2.1 percent (mom), respectively, both in nominal terms, and driven mostly by increases in AMD-denominated credit and deposits that would contribute to dedollarization. -0-

spot_img

POPULAR

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Central Bank of Armenia has kept the refinancing rate unchanged at 6.5% for the sixth consecutive time

At its meeting on August 4, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the sixth consecutive time, the regulator's press service reported.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

LATEST NEWS

spot_imgspot_imgspot_img