Mon, 18 August
21.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Interest rates going down in Armenia – central bank

YEREVAN, December 19. /ARKA/. Interest rates on both deposits and loans are going down throughout the last few years, Andranik Grigoryan, chief of the Armenian central bank’s division in charge of stability and development of the country’s financial system, told journalists on Tuesday.

He said that significant decrease in interest rates is seen, but it is still difficult to indicate particular average figures, though interest rates on mortgage loans stood at 12- 12.5% I 2017, while in 2018 they shed to 10-11.5%.

Some banks, he said, provide mortgage loans even at 9 – 9.5% interest rates.

According to the central bank’s figures, interest rates on deposits and loans slid in November. In particular, dram-denominated up-to-one-year deposits slipped 0.7 percentage points to 8.1%, and on dram-denominated loans went 0.59 percentage points down to 12.36%. -0—

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

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