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

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

Ranking of Armenia’s Largest Credit Institutions by Asset Volume in Q1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total assets for the first quarter of 2026.

“Cannot deliver your package”. IDBank warns about fake messages from ‘’HayPost’’

In Armenia, a wave of mass messages is being recorded that exploit trust in the national postal operator HayPost. Attackers use the expectation of the package as a fake reason to steal banking data or install spyware on users’ smartphones.

Armenia Shows Significant Progress in Using More Complex Financial Instruments – EBRD

Armenia is demonstrating significant progress and growing readiness to use more complex financial instruments, said Elisabetta Falcetti, the bank's Executive Director for Turkey and the Caucasus, in an interview with ARKA news agency.

EDB assessed the reasons for rising inflation in Armenia and maintenance of refinancing rate

Inflation in Armenia accelerated in April amid rising prices for food and non-food products, according to the Eurasian Development Bank's weekly macro review.

LATEST NEWS

spot_imgspot_imgspot_img