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

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.

Armenia to receive €170.3 million loan from IBRD for economic transformation

At a meeting on Thursday, the Armenian government approved a loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank structure) for €170.3 million under the "Armenia Economic Transformation Policy Development Loan" program.

Ranking of the Most Profitable Credit Institutions in Armenia for the First Half of 2026

ARKA News Agency publishes a ranking of the most profitable credit institutions in Armenia for the first half of 2026.

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

LATEST NEWS

spot_imgspot_imgspot_img