Armenian entrepreneurs prefer bank deposits to investment in real economy – economist

YEREVAN, July 18. /ARKA/. Armenian business people prefer bank deposits to investment in the real economy, Artak Manukyan, an economist, told reporters on Monday.

In his words, deposit resources at Armenia’s banks have grown 23% since 2015 to $5 billion.

This is the only segment in the country’s economy that is intensively growing despite the downing interest rates.

Manukyan said that despite the falling profitability, bank deposits seem more attractive to entrepreneurs than investments in other areas.

Explaining this, he said that other segments are not so profitable because of the lack of appropriate financial instruments.

“As a result, deposits remain the only beneficial and reliable instrument for receiving profits, and economic entities find it reasonable not to invest in the real sector of the economy,” the economist said.

Manukyan pointed out tourism as promising segment for investments. –0—

spot_img

POPULAR

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Unibank joins the Partnership for Carbon Accounting Financials (PCAF)

Unibank has joined the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to integrating climate considerations into its financial activities and improving transparency around emissions.

LATEST NEWS

spot_imgspot_imgspot_img