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

IMF noted the low level of insurance coverage for natural disaster risks in Armenia

Insurance penetration in Armenia remains low, particularly in agriculture and property insurance, according to the International Monetary Fund's report "Armenia: Climate Policy Diagnostic - July 2026," published on September 3, 2026.

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).

Euro, dollar, and ruble exchange rates against the Armenian dram have increased: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.31 points on September 10, 2026, compared to September 9, to 363.89 drams.

LATEST NEWS

spot_imgspot_imgspot_img