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Banks in Armenia account for two-digit lending growth

19.10.2018 18:08

Banks in Armenia account for two-digit lending growth

YEREVAN, October 19. /ARKA/. Armenian banks have built up their aggregate loan portfolio 10.2% or by AMD 2 910.8 billion since the beginning of this year.

Only two of the country’s 17 banks have their lending reduced over these nine months.

According to banks’ reports, their aggregate assets totaled AMD 4 738.9 billion in late September 2018 after growing 8.8% since the beginning of the year, and their liabilities amounted to AMD 3 990.2 billion (9% growth), including liabilities to clients – AMD 2 709.4 billion (6% growth).

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Arka news agency presents ranking of banks by size of net profit in 9 months

19.10.2018 18:06

Arka news agency presents ranking of banks by size of net profit in 9 months

ARKA news agency has released a recurrent ranking of Armenia-based commercial banks by size of net profits they earned in the first 9 months of 2018

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Around $99.3 million bought by Armenian banks last week

08.10.2018 18:56

Around $99.3 million bought by Armenian banks last week

Armenia’s commercial banks bought around $99.3 million from the local foreign currency market on October 1 to 5 at the average weighted exchange rate of 483.28 drams per one USD

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Around $93.8 million bought by Armenian banks last week

01.10.2018 16:34

Around $93.8 million bought by Armenian banks last week

Armenia’s commercial banks bought around $93.8 million from the local foreign currency market on September 24 to 28 at the average weighted exchange rate of 481.45 drams per one USD, the Central Bank of Armenia reported on Monday

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Around $82.7 million bought by Armenian banks last week

24.09.2018 16:03

Around $82.7 million bought by Armenian banks last week

Armenia’s commercial banks bought around $82.7 million from the local foreign currency market on September 17 to 20 at the average weighted exchange rate of 483.11 drams per one USD

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Moody’s: loan concentration remain high at CIS banks, a negative for lenders

20.09.2018 18:08

Moody’s: loan concentration remain high at CIS banks, a negative for lenders

Loan books and deposit bases at banks in Russia and other members of the Commonwealth of Independent States (CIS) will continue to be highly concentrated on a small group of large corporates

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Armenia’s central and commercial banks will work on September 21, 22

20.09.2018 18:05

Armenia’s central and commercial banks will work on September 21, 22

Armenia’s Central Bank and all 17 commercial banks will work on September 21, when Armenia marks the Independence Day, the Central Bank said today

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Armenian prime minister emphasizes cooperation between central banks of EEU member states

17.09.2018 19:05

Armenian prime minister emphasizes cooperation between central banks of EEU member states

Armenia’s Prime Minister Nikol Pashinyan received today the heads of central banks of the counties, which make the Eurasian Economic Union (EEU)

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Around $87 million bought by Armenian banks last week

17.09.2018 19:01

Around $87 million bought by Armenian banks last week

Armenia’s commercial banks bought around $87 million from the local foreign currency market on September 10 to 14 at the average weighted exchange rate of 484.47 drams per one USD, the Central Bank of Armenia reported on Monday

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Armenian banks bought $66.5 million from local forex market

10.09.2018 19:12

Armenian banks bought $66.5 million from local forex market

Seventeen Armenia-based commercial banks bought about $66.5 million from September 3 to September 7 at the local forex market at the weighted average rate of 483.24 drams for $1, the press service of the Central Bank reported

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