Average interest rate on AMD consumer loans in Armenia inched up 0.4 p.p. to 20,2% in Nov

Banks

YEREVAN, January 16. /ARKA/. Average annual interest rates on AMD consumer loans in Armenia inched up by 0.4 p.p. to 20.2% in November 2012 from October, the Central Bank said Thursday.

Average interest rates on USD consumer loans inched up by 0.4 p.p. to 17% in November from October.

Average annual interest rate on AMD mortgage loans rose by 0.1 p.p. to 12.7%, and USD loans—slashed by 0.1 p.p. to 12.3% within the reported period.

An average interest rate on credits in Armenia didn’t change in November 2012 from October confirming 15%. ($1- 406.30 drams).—0-

spot_img

POPULAR

Capital market

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).
Capital market

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.
Economy

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.
Economy

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.
Banks

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
World Bank forecasts 4.3% GDP growth in Armenia in 2013
Next article
“If you look past the political dysfunction, the economy looks encouragingly resilient”, Geithner told wall street journal