Tue, 8 April
9.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Armenia-based commercial banks lower interest rates on loans and deposits

YEREVAN, February 8. / ARKA /. Armenia-based commercial banks have lowered their interest rates on loans and deposits, according to the Central Bank’s data.

As a result, in 2015 December interest rates on loans in the Armenian national currency, the drams, to be repaid in less than 12 months decreased by 1.66 percentage points to 15.36%, while interest rates on loans in USD also to be repaid in less than 12 months fell by 0.62 percentage points to 10.32%.

Interest rates on loans to be repaid after 12 months decreased by 1.24 percentage points to 16.81%, while rates on loans in USD fell by 0.34 percentage points to 11.16%.

At the same time, interest rates on deposits in drams with the repayment term of up to 12 months fell by 1.74 percentage points to 13.33%, and rates on deposits in USD also to be repaid after 12 months rose by 0.34 percentage points to 5.67%.

Also interest rates on deposits in drams with the repayment term of above 12 months fell by 0.02 percentage points to 14.79%, and interest rates on deposits in USD increased by 0.12 percentage points.

In December, the Central Bank lowered the refinancing rate from 9.75% to 8.75% .-0-

spot_img

POPULAR

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

LATEST NEWS

spot_imgspot_imgspot_img