Tue, 1 July
24.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Interest spread at Armenia’s commercial banks 4.72% in February

YEREVAN, April 9. /ARKA/. Interest spread at Armenia’s commercial banks has narrowed by 0.59 percentage points since the beginning of this year to 4.72% in late February, but widened by 0.01 p. p., compared with late January, the National Statistical Service of Armenia reports.

Interest spread (difference between interest rates on loans and deposits) is one of the most important indicators for rating one or another country’s banking sector.

A high spread shows system risks – it means that banks are not able to estimate credit risks adequately.
According to the National Statistical Service, loan interests averaged 18.71% in Armenia in February against 16.77% in January, and deposits interests 13.99% against 12.06% respectively. –0–

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img