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

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

Yerevan’s budget revenue exceeded its target by 7.2% in the first quarter: Municipality

In the first quarter of 2026, Yerevan's budget actually received 22.3 billion drams, compared to its planned revenue of 20.8 billion drams, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

Net remittance inflow to Armenia from abroad increased approximately 3.5-fold in two months

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img