Last Week Armenian Banks Issued AMD Credits Worth 9bln AMD And USD L

LAST WEEK ARMENIAN BANKS ISSUED AMD CREDITS WORTH 9BLN AMD AND USD LOANS WORTH $13.5MLN

ArmInfo
2009-05-15 18:53:00

ArmInfo. Last week (May 4-10) the Armenian banks issued AMD credits
worth 9bln AMD and USD loans worth $13.5mln, reports the press service
of the Central Bank of Armenia.

On the intra-bank currency market this week (May 11-15) the banks
bought $49.794mln at 372.39 AMD/1 USD and sold $48.765mln at 373.97
AMD/1 USD. On the inter-bank currency market during the same period
the banks carried out buying/selling operations worth $1.450mln at
373.74 AMD/1 USD. May 11-15 the amount of buying/selling operations
at NASDAQ OMX Armenia totalled $3.6mln with the exchange rate being
374.32 AMD/1 USD.

As of Apr 2009 the credit portfolio of the commercial banks of Armenia
totalled $2bln – 3% growth in Jan-Mar 2009 against 13% growth in
Jan-Mar 2008.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS