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

Interests on dram deposits up in Armenia in February as on dram loans down

YEREVAN, March 18. /ARKA/. Interest rates on dram deposits went down in Armenia in February 2016 as those on dram loans went up, according to the central bank’s figures.

In February, compared with January, interest rates on up-to-one-year deposits in drams shed 1.91 percentage points to 11.44% and interests on longer-than-one-year dram deposits slid 0.49 percentage points to 14.12%.

Interest rates on up-to-one-year deposits in dollars slipped 0.23 percentage points to 5.94% and on longer-than-one-year dollar deposits 0.34 percentage points to 7.5%.

Interest rates on dram loans for up to one year rose 2.21 percentage points to 19.18% and on longer dram loans 0.08 percentage points to 18.77%. Interests on dollar loans fell 1.8 percentage points to 8.22% and rose 2.34 points to 9.02% respectively.

The Central Bank of Armenia lowered the key rate from 9.75% to 8.75% in December and to 8.5% in February. —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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img