Sun, 27 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Average interest rates on long-term deposits for individuals in Armenia down by 0.5 p.p.

YEREVAN, July 13. /ARKA/. Average interest rates on long-term deposits ( for over 1 year period) for individuals in Armenia downed by 0.5 p.p. in May from April, according to the data available on the Central Bank’s official website.

The average interest rate on deposits in Armenian drams tumbled by  0.3 p.p.,  and in foreign currency –by 0.7 p.p. to 11.8 % and 7.4% respectively  within the reported period, the source shows.
At the same time, the average interest rate on long-term deposits in drams for legal entities dashed by 0.9 p.p. to 9.8%, and in foreign currency- by 0.5 p.p. to 5.8%. ($1- 413.50 drams). –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.

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.

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img