ARMENIAN BANKS PROVIDED DRAM CREDITS TO 16.6 BLN DRAMS AND DOLLAR CREDITS TO $21.3 MLN OVER LAST WEEK

ArmInfo
15.03.2010

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%.