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Average rates on AMD loans lose 0.5 p. p. to 17.1 % in february

YEREVAN, March 21. /ARKA/. The average interest rate on loans in Armenian drams dropped by 0.5 percentage points to 17.1% this February from January, the website of the Central Bank of Armenia says.The average interest rate on loans in foreign currency is said to lose 0.05 p. p. to 13.55 % in February 2012 from January. The average rate on loans for legal entities reported no change and remained 12.4% late in February. The same indicator for individuals decreased by 0.5 p.p. to 18.3 % in February 2012 from January. As of February 29, 2012, there are 21 commercial banks in Armenia. ($1 – 388.39 drams). —0–

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Insurance market of Armenia is in embryonic state

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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.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

In 2025, income tax refund will not exceed 100 billion drams – SRC head

In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.

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