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  • Archive for May 21st, 2018

    Armenian banks’ loan loss reserves grew by 37 percent in quarter one, 2018

    Monday, May 21st, 2018

    Armenian banks’ loan loss reserves in the first quarter of 2018 amounted to 140.8 billion drams, an increase of 37% or 38.1 billion drams when compared to the same period last year

    Armenian credit organizations’ lending is up 11% to 394.3 billion drams

    Monday, May 21st, 2018

    The overall amount of lending and leasing operations of Armenia-based 35 credit organizations in the first quarter of 2018 amounted to 394.3 billion drams

    Around $93.5 million bought by Armenian banks last week

    Monday, May 21st, 2018

    Armenia’s commercial banks bought around $93.5 million from the local foreign currency market on May 14 to 18 at the average weighted exchange rate of 483.42 drams per one USD, the Central Bank of Armenia reported on Monday

    Armenia’s banking sector passes test to destruction with flying colors

    Monday, May 21st, 2018

    Armenia’s banking sector has passed the test to destruction with flying colors and has proven to be stable, Ashot Osipyan, chairman of Araratbank’s board, said Friday at the discussion organized by the Club of Economic Journalists