Monday, March 15 2010 11:08

Armenian banks provided dram credits to 16.6 bln drams and dollar credits to $21.3 mln over last week


ArmInfo. Armenian banks provided dram credits to 16.6 bln drams and dollar credits to $21.3 mln over last week (from March 1 to 7), Armenian Central Bank's press service told ArmInfo.

According to the source, the banks bought $48.649 mln in the interbank exchange market (customer transactions) from March 9 to 12, 2010, at the average rate of 391,21 AMD/$1. The banks carried out currency purchase-and-sale transactions in the interbank market to $200,000 from March 9 to 12,2010at the average rate of 390,5 AMD/$1. Currency purchase-and-sale transactions at NASDAQ OMX Armenia from March 9 to 12, 2010, were carried out to $15.803 mln at the average rate of 391,79 AMD/$1, and the maximum volume was fixed on March 11 ($7.998 mln).

To note, total volume of credit investments of Armenia's banking system as of January 1, 2010, made up 778.2 bln drams or $2.1 mln, having increased by 20,4% per annum, and for the 4th quarter - by 7,7%, while annual growth of this indicator in 2008 made up 51,1% and for the 4Q - by 3,6%.
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