Fri, 5 December
4.1 C
Yerevan
USD: 381.14 RUB: 4.94 EUR: 444.68 GEL: 141.15 GBP: 508.59

USD mortgage loans were given at 12.5% interest rate in Armenia last month

YEREVAN, August 28. /ARKA/. An average annual interest rate at which USD mortgage loans were given in Armenia shrank by 0.1 p.p. to 12.5% in July 2012 from June, according to the data available on the Central Bank’s website.

An average interest rate at which AMD mortgage loans were offered rose by 0.2% to 12.4% within the reported period. An average interest rate at which long-term AMD loans were available increased by 0.8% to 16.8% in July from a month earlier, and foreign currency loans- 13.3% ( up by 0.2 p.p.).
Short-term AMD credits were allocated at 16.8% interest rate reporting no change from June, and foreign currency credits- 13.4% in July against 13.6% in June. ($1- 409.70 drams). —0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

USD, EUR and RUB exchange rates rise against Armenian dram 

The average market exchange rate of the U.S. dollar to the Armenian dram on May 21, 2025, rose by 0.14 points to AMD 385.06 compared to May 20.

LATEST NEWS

spot_imgspot_imgspot_img