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USD: 391.56 RUB: 4.77 EUR: 428.21 GEL: 140.68 GBP: 508.68
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Loans and deposits of Armenian commercial banks grew in July, mainly due to dram funds – WB

YEREVAN, September 25 /ARKA/. Deposits and loans of commercial banks in Armenia increased by 1.6% (m/m) and 2% (m/m) in July, mainly due to dram funds, according to the World Bank’s “Armenia Monthly Economic Update – September 2024”.

“Financial performance remained stable, with a capital adequacy ratio (CAR) of 20.3%, a low non-performing loan ratio (1.2%) and a reported return on assets of 4.5%,” the study noted. -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

S&P predicts the future of CCA banks, including Armenia, in the event of a Russian-Ukrainian ceasefire

A hypothetical ceasefire between Russia and Ukraine would not have a significant immediate impact on the banking sector of Central Asian and Caucasus countries, including Armenia, Azerbaijan, Georgia, Kazakhstan and Uzbekistan, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.

Dollar and Euro exchange rates against Armenian dram fell

The average market exchange rate of the US dollar to the Armenian dram, as of March 14, 2025, stood at 391.74 drams, reflecting a decrease of 1 point compared to March 13.

USD and RUB depreciate against Armenian dram, EUR – rises

The average market exchange rate of the US dollar to the Armenian dram on March 12, 2025, made AMD 393.42, down 0.62 points compared to March 11.

Euro down 2.15 points to AMD 426.91

The average market exchange rate of the US dollar to the Armenian dram on March 13, 2025, totaled 392.74 drams, down 0.68 points compared to March 12.

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