Mon, 28 July
34.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Interest rates on long-term deposits reduce in February

YEREVAN, April 12, /ARKA/. Interest rates for long-term corporate and individual deposits (for more than 12 months) reduced in February by 0.6% and 0.1% respectively from January , according to a Central Bank of Armenia report on aggregated money and credit indicators.

According to the report, the interest rate for individual deposits in the national currency Dram did not change remaining at 11.5% while the interest rates for deposits in foreign currency dropped by 0.2% to 8.2%

The interest rates for corporate deposits in Drams fell by 0.2% to 10.2% and those in foreign currency fell by 1 p.p. to 7.4%. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img