Tue, 3 February
0.1 C
Yerevan
USD: 379.03 RUB: 4.95 EUR: 449.83 GEL: 140.75 GBP: 519.38

Deposits and loans at Armenian commercial banks grew by 0.3% and 1.2% in July, driven by dram funds – WB

YEREVAN, September 30. /ARKA/. In July, commercial bank deposits and credit grew 0.3 percent (mom) and 1.2 percent (mom), respectively, respectively, according to the World Bank’s “Armenia Monthly Economic Update – September 2025.”

“The July pickup in deposits and credit, relative to June, was largely supported by higher AMD denominated instruments, with credit growth primarily fueled by the expansion of consumer loans and credit to financial and insurance activities. Exchange rate adjusted annual growth was 13.6 percent (yoy) in total deposits and 28.5 percent (yoy) in credit (Figure 5).

According to the Central Bank, the volume of loans issued by commercial banks of Armenia as of the end of July 2025 amounted to 7.13 trillion drams, compared to 7.05 trillion drams at the end of September, and the volume of deposits amounted to 6.71 trillion drams, compared to 6.69 trillion drams in June ($1 – 382.75 drams).-0-

spot_img

POPULAR

Euro, USD, and ruble drop against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, as of January 29, 2026, fell by 0.46 points compared to January 29, to 378.64 drams.

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img