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Armenian Banks Gave 11.9 Bln Dram And $22 Mln Dollars Credits Over T

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  • Armenian Banks Gave 11.9 Bln Dram And $22 Mln Dollars Credits Over T

    ARMENIAN BANKS GAVE 11.9 BLN DRAM AND $22 MLN DOLLARS CREDITS OVER THE PASSED WEEK

    ArmInfo
    2009-08-14 18:59:00

    ArmInfo. Armenian banks gave 11.9 bln dram and $22 mln dollars credits
    over the passed week (3-9 August), press-service of Armenian Central
    Bank told ArmInfo.

    At the inter-bank foreign currency market (deals with clients)
    the banks bought $51.672 mln with an average rate 369,54 AMD/$1 and
    sold $59.006 mln with an average exchange rate 371,6 AMD/$1 over the
    current week (10-14 August). At the inter-bank foreign currency market
    the banks implemented the buy-sale operation at $100 thsd with an
    average exchange rate 371,5 AMD/$1 over the current week. The volume
    of the foreign currency buy/sale operations at NASDAQ OMX Armenia was
    $4.880 mln with the average rate 371,36 AMD/$1 over the current week
    (10-14 August).

    According to ArmInfo, as of 1 July 2009 the summary credit portfolio
    of Armenian commercial banks amounted to $1.8 bln having decreased
    by 3% in the second quarter 2009 against increasing by 14% in the
    second quarter 2008.
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