Wed, 30 July
23.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Average interest rate on short-term loans drop by 0.42 percentage points in December

YEREVAN, February 8. /ARKA/. The average interest rate on short-term loans in Armenia’s national currency, the dram, granted in December by Armenian commercial banks dropped by 0.42 percentage points from the previous month to 17.69%, according to the National Statistical Service (NSS).

At the same time, the average interest rate on deposits attracted by commercial banks in December increased by an average of 1.1 percentage points to 10.29%. According to NSS data, the total amount of loans issued by commercial banks in December increased by 6.2% from November to overall 1.3 trillion drams. The total amount of deposits kept by banks in December amounted to about 970 billion drams, having increased by 4.9% from November. There are 21 banks in Armenia. ($ 1 – 388.11 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img