Interests on short-term loans in Armenia down 1.34 percentage points to 16.54%

YEREVAN, December 8. /ARKA/. Interest rates on short-term loans extended by Armenia’s banks in drams went 1.34 percentage points down to 16.54% in October, according to the central bank’s report.

Instead, interests on short-term loans in dollars rose 0.21 percentage points to 10.49%.

Interests on long-term loans in drams rose 1.82 percentage points to 18.36% and those in dollars slid 0.62 percentage points to 10.61%.

Refinancing rate stood at 10.25% from August 11 to November 10, 2015. Now it stands at 9.75%. —0—

spot_img

POPULAR

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.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

LATEST NEWS

spot_imgspot_imgspot_img