BTA Bank revises interest rates on all short-term deposits in Armenian drams

YEREVAN, February 24. /ARKA/. BTA Bank has revised interest rates on all the short-term deposits in Armenian drams, the bank’s press office reported on Thursday.

According to the report, 10% annual interest rate is set for all six-to-nine-month deposits.
A depositor can choose between monthly and yearend interest receptions.

Deposits can be opened in any office of the BTA Bank for one month and a longer period of time.
BTA Bank CJSC is a strategic partner to BTA Bank JSC, one of the largest banks of Kazakhstan, who holds 48.9% shares of Armenian BTA Bank.

Some 31.1% belong to ZRL Beteilingungs (Austria), 16.3% to Mobilex Energy Limited and the remaining 3.7% to AMK-Invest.

BTA Bank JSC has partners in Russia, Ukraine, Belarus, Georgia, Armenia, Kyrgyzstan and Turkey. The bank has residence offices in Russia, Ukraine, China and United Arab Emirates. ($1 = AMD 365.71).–0–

spot_img

POPULAR

EBRD to Launch AMD 5 Billion Floating-Rate Bond Offering in Armenia

The European Bank for Reconstruction and Development (EBRD) is set to launch a new AMD 5 billion floating-rate bond issuance in the Armenian capital market, reaffirming its commitment to supporting the development of local currency financing and deepening Armenia’s financial markets.

Net inflow of remittances to Armenia from abroad increased by approximately 2.1 times in 5 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.08 billion in January-May 2026, compared to $511.7 million in January-May 2025, according to a report from the Central Bank of the Republic.

EDB has identified three main drivers of economic growth in Armenia

The Eurasian Development Bank (EDB) has identified the services sector, construction, and industry as the main drivers of economic growth in Armenia in January–May 2026.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

A mechanism for restructuring banks instead of liquidation has been introduced in Armenia

At an extraordinary meeting on Friday, the National Assembly of Armenia adopted the law “On Bank Restructuring” and a number of related laws in the second and final reading.

LATEST NEWS

spot_imgspot_imgspot_img