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Tag: reserves

Armenian central bank’s forex reserves stand now at record $487.7 million

Economy admin -
Armenian Central Bank's forex reserves stand now at record $487.7 million, Prime Minister Nikol Pashinyan told the parliament today. He said the regulator replenished the forex reserves to this 'unprecedented' level after buying a substantial amount of foreign currency

Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

Banks admin -
Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017

Reserves for possible losses at banks of Armenia total AMD 149.5 billion in Jan-Sept 2018

Banks admin -
Reserves for possible losses at banks of Armenia totaled AMD 149.5 billion in Jan-Sept 2018 showing a 27.4% growth, compared with the same period a year before

Armenian banks increase their reserves for possible loan losses by 17.7% to 177.3 billion drams

Banks admin -
Armenian banks increased their reserves for possible loan losses by 17.7% in the first 9 months of 2017 to 177.3 billion drams, according to ARKA news agency’s bulletin ‘Banks of Armenia" for the third quarter of 2017

Armenia-based banks increase reserves for possible credit losses by 22.7% to 102.7 billion drams

Banks admin -
In the first quarter of 2017 Armenia-based commercial banks increased their reserves for possible credit losses by 18.9 billion drams or 22.7% from the year before to 102.7 billion drams

Armenia’s gross international reserves total $1 626.27 million in late March

Economy admin -
Armenia’s gross international reserves totaled $1 626.27 million in late March after shrinking 8.3% or by $149 million over the first quarter, the Central Bank of Armenia says in its preliminary report

IMF recommends Armenia to replenish forex reserves

Exchange market admin -
The IMF recommends the Central Bank of Armenia to buy dollars by this summer to prevent serious fluctuations in the forex market and to ensure the required buffer reserves, the head of the IMF mission in Armenia Mark Horton told reporters on Wednesday

Armenia’s gross international reserves slid 3.1% in December 2014

Economy admin -
Armenia’s gross international reserves fell by 33.8% or $762.3 million $1,489.3 million in December 2014, as compared to the beginning of the year, says the central bank

Regulator: Armenia’s gross international reserves meet all sufficiency criteria more than necessary

Banks admin -
Armenia’s gross international reserves meet all sufficiency criteria more than needed, the Central Bank of Armenia says in its ‘Adequacy of Armenia’s International Reserves’ study

Armenian banks’ loan loss reserves see 37% increase in first half

Announces admin -
Loan loss reserves of Armenia’s commercial banks rose by 37% to 50.9 billion drams in the first half of this year, as compared to H1 2013

Armenia’s gross international reserves drop 1.1% to $1,739mln

Exchange market admin -
Armenia’s gross international reserves drop 1.1% to $1,739mln

Armenia’s II Q gross international reserves down 2.3% to $1. 719.2 bln

Economy admin -
Armenia’s II Q gross international reserves down 2.3% to $1. 719.2 bln.

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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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