{"id":43688,"date":"2012-11-13T11:31:12","date_gmt":"2012-11-13T11:31:12","guid":{"rendered":"https:\/\/armbanks.am\/2012\/11\/13\/236833\/"},"modified":"2024-12-15T13:00:41","modified_gmt":"2024-12-15T13:00:41","slug":"lending-to-industrial-enterprises-in-armenian-banks-outstanding-loan-portfolio-shrink-2-7-in-q3","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/11\/13\/43688\/","title":{"rendered":"Armenian banks gain AMD 7.3 billion from Forex rate fluctuations in Q3"},"content":{"rendered":"<p><strong>YEREVAN, November 13. \/ARKA\/.<\/strong> Changes in foreign exchange rates had favorable effect on Armenian banks\u2019 funds in the third quarter of this year, which is gauged at over AMD 7.3 billion.<\/p>\n<p>According to banks\u2019 quarterly financial reports, banks took advantage also of the previous quarter\u2019s forex rate changes \u2013 they then earned AMD 3.6 billion from that.<\/p>\n<p>ConverseBank gained from it more than other banks \u2013 AMD 2.3 billion, and ACBA-CREDIT AGRICOLE BANK \u2013 AMD 1.6 billion.<\/p>\n<p>Unlike the mentioned banks, Armbusinessbank lost about AMD 1 billion, Araratbank AMD 7.8 million and VTB Bank (Armenia) about AMD 15.5 million.<\/p>\n<p>According to the National Statistical Service, the Armenian dram sank 2.3% against the U.S. dollar in the third quarter to AMD 410.66 per one dollar. -0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Changes in foreign exchange rates had favorable effect on Armenian banks\u2019 funds in the third quarter of this year, which is gauged at over AMD 7.3 billion<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12444,1062],"class_list":{"0":"post-43688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-banks","10":"tag-rates","11":"tag-1062"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/43688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=43688"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/43688\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=43688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=43688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=43688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}