All news related to Banks

Fitch says operating environment trends will remain broadly supportive for banks’ growth

11.12.2018 16:21

Fitch says operating environment trends will remain broadly supportive for banks’ growth

YEREVAN, December 11. /ARKA/. Armenia’s stable sector and rating outlooks reflect our expectation that operating environment trends will remain broadly supportive for banks’ growth, performance and asset quality in 2019, Fitch said in a report.

“Our assumption factors in continued economic growth, which we forecast to moderate but remain solid at 4.1% in 2019 (2018F: 4.7%; 2017: 7.5%). Economic growth has been helped by strong external and domestic demand, and the stability of the Armenian dram. The latter remains of high importance given the significant financial sector dollarisation,” it said.

Fitch expects credit growth to moderate, closer to 10% in 2019 (2018F: 16%), reflecting macro trends and the fact that loan penetration is now at a historically high level (gross loans/GDP ratio of 51% at end-1H18, above the CIS average).

Views: 798

Categories: Uncategorized | Comments Off on Fitch says operating environment trends will remain broadly supportive for banks’ growth

Tags:

Read more
Deposits in Armenian banks grow by 40 billion drams in October to over 2.8 trillion drams

05.12.2018 17:36

Deposits in Armenian banks grow by 40 billion drams in October to over 2.8 trillion drams

At the end of October 2018, deposits in Armenian banks were worth 2.852.4 trillion drams, having increased by 40 billion drams or 1.4% from the previous month

Views: 1298

Categories: Uncategorized | Comments Off on Deposits in Armenian banks grow by 40 billion drams in October to over 2.8 trillion drams

Tags:

Read more
Armenian banks’ lending surpasses for the first time 3 trillion drams

04.12.2018 16:29

Armenian banks’ lending surpasses for the first time 3 trillion drams

Armenian banks’ lending amounted to 3.022.1 trillion drams in late October, having increased by 34.8 billion drams or 1.16% from the previous month, the Central Bank said

Views: 1308

Categories: Uncategorized | Comments Off on Armenian banks’ lending surpasses for the first time 3 trillion drams

Tags:

Read more
Around $109.3 million bought by Armenian banks last week

03.12.2018 14:42

Around $109.3 million bought by Armenian banks last week

Armenia’s commercial banks bought around $109.3 million from the local foreign currency market on November 26 to 30 at the average weighted exchange rate of 484.28 drams per one USD, the Central Bank of Armenia reported on Monday

Views: 1289

Categories: Uncategorized | Comments Off on Around $109.3 million bought by Armenian banks last week

Tags:

Read more
Central bank says there is no regulation banning Armenian banks from servicing Iranian citizens

21.11.2018 18:45

Central bank says there is no regulation banning Armenian banks from servicing Iranian citizens

In response to media reports that Armenia-based commercial banks are closing the dollar accounts of customers born in Iran, despite their Armenian citizenship

Views: 1220

Categories: Uncategorized | Comments Off on Central bank says there is no regulation banning Armenian banks from servicing Iranian citizens

Tags:

Read more
Around $88.2 million bought by Armenian banks last week

19.11.2018 16:16

Around $88.2 million bought by Armenian banks last week

Armenia’s commercial banks bought around $88.2 million from the local foreign currency market on November 12 to 16 at the average weighted exchange rate of 486.95 drams per one USD, the Central Bank of Armenia reported on Monday

Views: 686

Categories: Uncategorized | Comments Off on Around $88.2 million bought by Armenian banks last week

Tags:

Read more
Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

15.11.2018 14:21

Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

The Central Bank of Armenia reported Wednesday that it has no connection with the expo ‘Banks, Loans, Investments and Economy’, despite the event organizers has used the logo of the regulator

Views: 1111

Categories: Uncategorized | Comments Off on Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

Tags: , , , , ,

Read more
Around $89.6 million bought by Armenian banks last week

12.11.2018 15:36

Around $89.6 million bought by Armenian banks last week

Armenia’s commercial banks bought around $86.8 million from the local foreign currency market on October 29 to November 3 at the average weighted exchange rate of 487.18 drams per one USD

Views: 706

Categories: Exchange market, Exchange market, Exchange market | Comments Off on Around $89.6 million bought by Armenian banks last week

Tags: , ,

Read more
Reserves for possible losses at banks of Armenia total AMD 149.5 billion in Jan-Sept 2018

09.11.2018 17:55

Reserves for possible losses at banks of Armenia total AMD 149.5 billion in Jan-Sept 2018

Reserves for possible losses at banks of Armenia totaled AMD 149.5 billion in Jan-Sept 2018 showing a 27.4% growth, compared with the same period a year before

Views: 1061

Categories: Uncategorized | Comments Off on Reserves for possible losses at banks of Armenia total AMD 149.5 billion in Jan-Sept 2018

Tags: ,

Read more
Armenian banks’ salary fund grew by 9.5% to 47.5 billion drams

08.11.2018 17:13

Armenian banks’ salary fund grew by 9.5% to 47.5 billion drams

In the first 9 months of 2018 Armenia-based commercial banks’ expenses on salaries increased by 9.58% from the year before to 47.5 billion drams, making 51.7% of their total administrative and other operating expenses

Views: 1247

Categories: Banks, Banks, Banks, Banks, Banks, Banks, Banks, Banks, Banks, Banks, General news, General news, General news, General news, General news, General news, General news, General news, General news, General news, News, News, News, News, News, News, News, News, News, News, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour, News of the hour | Comments Off on Armenian banks’ salary fund grew by 9.5% to 47.5 billion drams

Tags: , , , , , , , , , ,

Read more