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.