Thu, 24 July
33.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Average interest rate on deposits in drams with maturity period of 12 months is 8.85%

YEREVAN, June 17. /ARKA/. According to a study by ARKA news agency, the highest interest rate on individual time deposits in Armenian drams is 10% per annum, offered by Armbusinessbank. The maturity period of the deposit is 271-365 days.

The second highest interest rate on time deposits in drams is offered by Artsakhbank – 9.75%, followed by VTB Bank (Armenia), which offers 9.5% interest rate. Ardshinbank, Unibank, Conversebank and Byblos Bank Armenia offer deposits in drams with annual interest rate of 9%. The lowest interest rate on deposits is offered by Iranian Mellat Bank – 3%.

Overall, the interest rates on deposits in Armenian drams offered by Armenia-based commercial banks did not change much during the first half of 2019. According to the latest data of the Central Bank, the average interest rate on deposits with maturity period of 12 months in April 2019 was 8.85%, which was 0.10 percentage points less than in January. On June 11, the Armenian Central Bank left the refinancing rate unchanged at the level of 5.75%. -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img