Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian commercial banks’ interest spread reaches 7% in May

YEREVAN, July 1. /ARKA/. Armenian commercial banks’ interest spread has increased 1.37 percentage points since the beginning of this year reaching 7% in May, the National Statistical Service reports.

Compared with April, it rose 1.3 percentage points.

Interest spread that shows a difference between loan and deposit interest rates is one of the most important criteria for estimating the sate of countries’ banking sectors.

According to the statistical report, banks’ average lending interest rate rose from 15.82% in April to 17% in May, and their average interest rate on deposits climbed from 10.12% in April to 10.55 in May.

Twenty one commercial banks functioned in Armenia in late May. -0–

spot_img

POPULAR

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.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img