Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Armenian banks lower their lending interests by 2-3 percent in 2010

YEREVAN, April 28. /ARKA/. Armenian banks lowered their lending interests by 2-3 percent in 2010, Ashot Osipyan, chairman of the Union of Banks of Armenia, said on Thursday.

“I see downward trend,” he said.

He told journalists that competition is tough in Armenia’s banking system.

According to the regulator’s figures, interest rate on long-term loans in drams for individuals averaged 18.7% in after rising 0.1 percentage point in January, compared with the previous month, and interest rate on loans in foreign currencies rose 0.7 point to 16.9%.

Interest rate on long-term loans in drams for legal entities was lowered 0.7 point to 13.6%, and that on foreign currencies rose 0.3 point to 12.7%. -0-

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

Armenia and China make their first dram-yuan swap deal

Armenia and China have made their first swap deal worth 77 billion drams and one billion yuans respectively, the press service of the Central Bank of Armenia said. It said an agreement to that end was signed on Wednesday

LATEST NEWS

spot_imgspot_imgspot_img