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Around $114.1 million bought by Armenian banks last week

20.11.2017 16:37

Around $114.1 million bought by Armenian banks last week

YEREVAN, November 20. /ARKA/. Armenia’s commercial banks bought around $114.1 million from the local foreign currency market on November 13 to 17 at the average weighted exchange rate of 486.74 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 15 million euros and 1.7 billion Russian rubles at the average weighted exchange rates of 569.95 and 8.13 drams per one euro and one ruble respectively.

The banks also sold about $100.4 million, € 14.3 million and 633.7 million rubles at average weighted exchange rates of 488.4, 573.67 and 8.21 drams respectively.

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Armenian banks’ investments in securities increased by 35% in 9 months

14.11.2017 12:09

Armenian banks’ investments in securities increased by 35% in 9 months

Armenian commercial banks’ investments in securities increased by 35% in the first 9 months of 2017, when compared to the same period of last year

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Armenian banks’ salary fund grew by 6.4% in 9 months

13.11.2017 16:30

Armenian banks’ salary fund grew by 6.4% in 9 months

In the first three quarters of 2017 Armenia-based commercial banks’ expenses on wages increased by 6.4% from the year before to 43.2 billion drams

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Around $71.3 million bought by Armenian banks last week

13.11.2017 16:26

Around $71.3 million bought by Armenian banks last week

Armenia’s commercial banks bought around $71.3 million from the local foreign currency market on November 6 to 10 at the average weighted exchange rate of 485.33 drams per one USD, the Central Bank of Armenia reported on Monday

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Five Armenian banks account for more than half of mortgage lending

10.11.2017 17:12

Five Armenian banks account for more than half of mortgage lending

Armenian commercial banks provide mortgage loans to the population both from their own funds and as part of government-financed programs

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VTB bank (Armenia) showcases its products at ‘Banks, Investment and Credit Organizations of Armenia’ exhibition

10.11.2017 14:12

VTB bank (Armenia) showcases its products at ‘Banks, Investment and Credit Organizations of Armenia’ exhibition

VTB Bank (Armenia) took part in an exhibition titled “Banks, Investment and Credit Organizations of Armenia” organized by THE Nur Expo company with the support of the Yerevan Municipality. The two-day exhibition started on Thursday in the premises of the Yerevan History Museum

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

09.11.2017 16:44

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

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

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Armenian banks’ expense son advertisement and representation grew by 11% to 2.8 billion drams

08.11.2017 18:30

Armenian banks’ expense son advertisement and representation grew by 11% to 2.8 billion drams

In the first nine months of 2017 expenses of 17 Armenia-based commercial banks on advertisement and representation increased by 11% from the year before to 2.8 billion drams, ARKA news agency has found out after analyzing the banks’ financial reports

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Armenian banks paid 31.7 billion drams in various taxes for 9 months

06.11.2017 17:49

Armenian banks paid 31.7 billion drams in various taxes for 9 months

The list of Armenia’s 1000 largest corporate taxpayers for the first 9 months of 2017 includes all 17 commercial banks operating in the country that paid about 31.7 billion drams in various taxes

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Overdue loans at Armenia’s banks shrink 4% in September

02.11.2017 16:57

Overdue loans at Armenia’s banks shrink 4% in September

Overdue loans at Armenia’s banks shrank 4% in September, compared with August 2017, to AMD 37.87 billion, the Central Bank of Armenia reports

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