Fri, 31 January
2.1 C
Yerevan
USD: 397.92 RUB: 4.07 EUR: 413.72 GEL: 138.41 GBP: 494.50
spot_img

Armenia’s central bank rises refinancing rate by 0.1%

YEREVAN, December 15. /ARKA/. At a meeting on December 15, the Board of the Central Bank of Armenia decided to raise the refinancing rate by 1.0 percentage points, setting it at 5.25%, the press service of the regulator reported on Tuesday.

The rate of the Lombard repo provided by the Central Bank was 6.75%, and the rate on funds attracted by the central bank from other banks was 3.75%.

The last time the central bank of Armenia on October 27 left the refinancing rate unchanged, keeping it at the level of 4.25%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Fitch Affirms Armenia at ‘BB-‘; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

LATEST NEWS

spot_imgspot_imgspot_img