Armenia’s banking sector’s  profit amounted to 201 billion drams in January-June – UBA

YEREVAN, August 1. /ARKA/. The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).

He also noted that by the end of 2024, the sector’s s profit amounted to 363 billion drams.

According to Azatyan, as of June 30, 2025, the total assets of all commercial banks operating in the country amounted to 11.6 trillion drams, their total capital – to 1.9 trillion drams, the loan portfolio – to 7.1 trillion drams, deposits – to 6.7 trillion drams, and investments in securities – to 466 billion drams. ($1 – 383.84 drams). -0-

spot_img

POPULAR

Armenia’s National Assembly Committee Approves Martin Galstyan’s Candidacy for Central Bank Governor

At its meeting on Monday, Armenia's Parliamentary Committee on Financial, Credit, and Budgetary Affairs approved Martin Galstyan's candidacy for the position of Central Bank Governor, nominated by the ruling Civil Contract faction.

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

4.5% Inflation Recorded in Armenia in March

Twelve-month inflation in the Armenian consumer market in March of this year was 4.5%, according to a report from the Statistical Committee of Armenia.

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img