Tue, 29 July
29.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

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.

LATEST NEWS

spot_imgspot_imgspot_img