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  • Archive for February 14th, 2020

    Credit dollarization in Armenia declines to 51 percent

    Friday, February 14th, 2020

    With a faster-growing dram-denominated loan portfolio, credit dollarization in Armenia declined to 51 percent at end of 2019 from 56 percent in 2018

    In 2019 banking cards were used in Armenia to make 2.3 trillion drams worth transactions

    Friday, February 14th, 2020

    More citizens of Armenia are using now banking cards to make various non-cash transactions, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Friday

    Armenian banks' lending in 2019 grows by 10 percent to 3.572 trillion. drams

    Friday, February 14th, 2020

    Armenian banks’ lending in 2019 amounted to 3.572 trillion. drams, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Friday

    Armenia-based banks earn a total of 78 billion drams in profit in 2019

    Friday, February 14th, 2020

    Seventeen Armenia-based commercial banks earned a total of 78 billion drams in profit in 2019, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Friday

    Total capital of Armenia-based commercial banks grew by 73 billion drams or by 9.5% in 2019 to 844.8 billion drams

    Friday, February 14th, 2020

    The total capital of Armenia-based commercial banks grew by 73 billion drams or 9.5% in 2019 from the previous year to 844.8 billion drams, Seyran Sargsyan, the executive director of the Union of Banks of Armenia told reporters on Friday