Sun, 19 October
12.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Loan interest rates in Armenia likely to start going down – forecast

YEREVAN, February 10. /ARKA/. Loan interest rates in Armenia are likely to start going down, Ruben Melikyan, the financial director of Anelik Bank and a member of its board, said Tuesday in an interview with ARKA News Agency.

In his words, interests on both loans and deposits in drams have already shed – 1.66 percentage points to 15.36% and 1.74 percentage points to 13.33% respectively.

In December, refinancing rate was downed from 9.75% to 8.75%.

“We are thinking now that interest rates on the attracted financial resources will probably start falling and driving also loan interests down,” Melikyan said in his interview.

He said that as a whole, interest rates on loans are in tune with interests on deposits and obligatory reservation rate.

Melikyan remembered that the obligatory reservation normative was increased in December 2014 from 12% to 24%, but later was lowered to 20%.

“That was a dramatic growth, but it should be considered along with the macroeconomic indicators assessed by the central bank,” he said. ($1 – AMD 494.63). —0—

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img