Sat, 14 June
19.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Interest rates on loans in March were lower than in April

YEREVAN, May 13. /ARKA/. Interest rates on loans provided by commercial banks to private persons in 2016 March  were slightly lower  when compared to April,  according to  Central Bank of Armenia data.

In March interest rates on loans to individuals in Armenian drams repayable in less than 12 months  decreased by 0.9 percentage points to 21.1%, while loans in USD fell by 0.7 percentage points to 14.2%.

Interest rates on loans provided to individuals  with a repayment period above 12 months decreased by 0.5 percentage points  to 19%, while loans in USD  remained unchanged at 15.4%.

Interest rates on mortgage loans in drams remained unchanged at 12.7%, while loans in USD  rose by 0.7 percentage points to 13.3%. Interest rates on consumer loans to individuals in drams decreased 0.6 percentage point to 20%, while loans in USD fell by 0.3 percentage points to 15.3%.

In general, in March, interest rates on loans in drams repayable in less than 12 months decreased by 0.07 percentage points to 19.11%, while loans in USD fell by 0.26 percentage points to 7.96%.

At the same time interest rates on loans in drams repayable in more than 12 months decreased 0.56 percentage points to 18.21%, and loans in USD  increased by 1.91 percentage points up to 10.93%.
In March, the Central bank cut its refinancing rate from 8.5% to 8.25%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

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