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
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Archive for February 14th, 2020
Credit dollarization in Armenia declines to 51 percent
Friday, February 14th, 2020In 2019 banking cards were used in Armenia to make 2.3 trillion drams worth transactions
Friday, February 14th, 2020More 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, 2020Armenian 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, 2020Seventeen 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, 2020The 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
