Wed, 8 October
13.1 C
Yerevan
USD: 382.63 RUB: 4.67 EUR: 446.61 GEL: 141.12 GBP: 513.68

Banks’ interest rates on short-term loans in Armenia hit their record low in June

YEREVAN, July 20. /ARKA/. Banks’ interest rates on short-term loans in Armenia shed in June lower than ever, according to the central bank’s figures.

The average interest rate on up-to-one-year loans in drams stood at 12.26% in June 2018 hitting the record low since 2000.

The average interest rate on dram-denominated up-to-one-year loans went 1.48 percentage points down in June 2018, compared with the previous month, 1.6 p.p., compared with January 2018, and 4.47 p.p., compared with the same month five years earlier.

The average interest rate on long-term loans (longer than one year) slid 0.1 percentage points in June 2018, compared with the previous month, 0.81 p.p., compared with January 2018, and 4.62 p.p., compared with the same month five years ago.

The interest rate on USD-denominated short-term loans stood at 8.5% in June 2018, after shedding 0.22 percentage points over one month, while interests on long-term dollar loans rose 0.23 p.p. to 9.31%.

In March 2017, the Central Bank of Armenia weakened its monetary policy by setting the key refinancing rate at 6%. This rate has not been changed since then, while in 2016, it has been downed eight times. –0—

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img