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

Banks

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

Exchange market

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.
Announces

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.
Banks

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.
Economy

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."
Capital market

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Visa, MyUS.com open american internet shops’ doors to Armenian buyers
Next article
Areximbank-Gasprombank Group records 42% increase in money transfers from individuals in 10 months of 2012
Areximbank-Gasprombank Group records 42% increase in money transfers from individuals in 10 months of 2012