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Tag: number

The number of banks in Armenia may reduce to 14-16

Banks admin -
The number of banks in Armenia may drop from the current 21 to 14-16, Ruben Melikyan, Chief Financial Officer of the Lebanese-owned bank and a member of its Board, said in an interview with ARKA news agency

Number of clients to Armenian commercial banks rises to over 1.69mln in March

Banks admin -
Number of customers at Armenian commercial banks was 1,692,866 as of March 2013, a 19.7% increase against the same period of the year before, ArmStat reports

Number of ATMs in Armenia grows to 1,123

Banks admin -
The number of ATMs installed in Armenia by commercial banks reached 1,123 at the end of September

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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