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Interest rates on loans in AMD deposits rise in August

YEREVAN, 12 October / ARKA /. The average interest rate on loans in Armenia’s national currency, the dram, provided in August by Armenian commercial banks, rose by 0.15 percentage point from July to 17.39%, according to the National Statistical Service. At the same time, the average interest rate on deposits attracted by commercial banks in August increased by 0.33 percentage points to 9.28%.

According to official data, the total amount of loans issued by banks in August increased by 2% from July to more than 1.1 trillion at the end of August. Besides, the total amount of deposits attracted by commercial banks in August amounted to 863.1 billion drams, having increased by 7.58% from July. There are 21 commercial banks in Armenia.  -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

High profitability of Armenian banks in 2024 was facilitated by growth in net interest income and low level of credit losses – Galstyan

High profitability was recorded in the banking system of Armenia at the end of 2024, which was facilitated by growth in net interest income and low level of credit losses, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024.

Euro and dollar exchange rates to the Armenian dram fell, the ruble rose slightly

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 9, 2025, fell by 0.36 points compared to June 6 and amounted to 383.46 drams.

Euro to Armenian dram exchange rate increased slightly – Central Bank data

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 10, 2025, decreased by 0.29 points compared to June 10 and amounted to 383.25 drams.

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