Wed, 3 December
-0.9 C
Yerevan
USD: 381.24 RUB: 4.90 EUR: 442.43 GEL: 141.15 GBP: 502.97

Average interest rate on deposits in Armenia’s banks rises 0.3 percentage points to 8.4%

YEREVAN, January 18. /ARKA/. Average interest rate on deposits in Armenia’s banks rose 0.3 percentage points in November, compared with October, to 8.4%, the Central Bank of Armenia says in its monthly report.
 
Average interest rate on short-term deposits in drams went 0.45 points up in November, compared with October, to 9.5%, while that of short-term deposits in foreign currencies went 0.75 points down to 5.75%.
 
The average interest rate on long-term dram deposits rose 0.15 points to 10.45% and on deposits in foreign currencies 1.15 points to 7.8%. ($1- AMD 388.82).–0–
spot_img

POPULAR

Online Deposit via Byblos Mobile; No branch visit required

Byblos Bank Armenia offers customers the opportunity to open a high-yield online deposit through the Byblos Mobile application.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

LATEST NEWS

spot_imgspot_imgspot_img