Wed, 20 August
25.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Volume of credits by the program of low rate crediting in agriculture exceeds 2.1 billion drams in Armenia

YEREVAN, April 29. /ARKA/. In the frames of low rate crediting of agriculture which started on April 1 in Armenia, farmers in all the regions of the country have already provided credits in the amount of over 2.1 billion drams, said Chief Executive Director of ACBA-Credit Agricole Bank Stepan Gishyan.

Government of Armenia approved the program of state subsidization of percent rates of agricultural credits, allocating 200 million drams for this purpose. The state will subsidize from 4% to 6%, in the result of which percent rates of credits will be 8-10% for the farmers. Total size of credits is 5 billion drams.

“These are very low rates, taking into account that credits are provided in Armenian drams. It protects the farmers from currency risks and leads to significant activation in the sphere of agriculture”, said Gishyan.

Three Armenian banks participate in crediting of agriculture – ACBA-Credit Agricole Bank, Conversebank and Ardshininvestbank. Today, credits have been provided to 3450 farmers.-0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro jumps against Armenian dram by 3.74 points to 449.34

The average market exchange rate of the US dollar to the Armenian dram as of August 13, 2025, fell by 0.25 points compared to August 12 and amounted to 383.56 drams.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Euro exchange rate down by 1.04 points to AMD 445.6

The average market exchange rate of the US dollar to the Armenian Dram as of August 12, 2025, upped by 0.23 points compared to August 11 and amounted to AMD 383.81.

LATEST NEWS

spot_imgspot_imgspot_img