Saturday, February 15 2014 10:25
Foreign currency exchange deals in Armenia down 34% for Feb 10-14
ArmInfo. Armenian banks provided 31.5 bln AMD and $33,6 mln over the passed week (Feb 10-14), the Central Bank of Armenia told ArmInfo. As compared with the previous week, AMD loans rose 32.4%, and USD loans dropped 46.7%.
The source says that in the interbank currency market (transactions with customers) the banks bought $77.1 mln on Feb 10-14 (up 25.51% versus the previous week) at the average exchange rate of 411.18 AMD/$1, and sold $84.3 mln (up 13.6%) at the average exchange rate of 412.36 AMD/$1. In the meantime, the banks bought 4.8 mln EUR (down 12.7%) at the average exchange rate of 559.46 AMD/1EUR, and sold 9.3 mln EUR (up 12.5%) at the exchange rate of 563.87 AMD/1EUR. The banks also bought 576.1 mln RUR (up 22.7%) at the average exchange rate 11.72 AMD/1RUR and sold 173.1 mln RUR (515% rise) at the exchange rate of 11.90 AMD/1RUR.
In the interbank currency market currency purchase and sale amounted to $1.950 mln (down 7.1% over the week) at the average exchange rate of 412.95 AMD/$1. At NASDAQ OMX Armenia currency operations totaled $13.5 mln (down 34%) at the average exchange rate of 412.33 AMD/$1. The biggest amount of transactions was fixed on 12 and 10 February - $7.6 mln and $3.6 mln, respectively. No transactions were registered on Feb 11.
According to the CB, the banks provided 1.8 trillion drams loans as of Jan 1 2014 (a 5.9% growth for Q4 2013 and 12.5% growth versus Jan 1 2013). Extended and overdue loans exclusive, this indicator totaled 1.7 trillion drams. The share of extended loans in total was 5.4% or 96.5 bln drams with an annual 77.7% growth (7% for Q4). The share of overdue loans in total was 1.2% or 21.3 bln drams, with a 2.5-fold annual growth (down 18.2% for Q4).
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