Sat, 5 July
23.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Average loan interest rate increased by 0.2p.p. to 14.6% in Armenia in October

YEREVAN, November 29. /ARKA/. Average interest rate on loans was 14.6% in Armenia in October, which is an increase of 0.2 percentage points against September, Armenia’s Central Bank reported.

Average rate on loans in drams grew by 0.2p.p. up to 16.7%, that on loans in foreign currency rose by 0.3p.p. to 13.4%.

Average loan interest for legal entities was 12.4% in the period, an increase of 0.5p.p. against September.

Meanwhile, the average interest rate on loans extended to individuals remained unchanged in October against September – 17.7%.

There were 21 commercial banks registered in Armenia by the end of October, 2012. ($1=405.71drams). –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar exchange rate slightly down, those of euro and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on May 13, 2025, decreased by 0.78 points compared to May 12 and amounted to 388.08 drams.

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.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img