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

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

Armenian dram strengthened against the dollar and the ruble, but weakened against the euro: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 28, 2026, fell by 0.15 points to 364.32 drams compared to August 27.

LATEST NEWS

spot_imgspot_imgspot_img