{"id":250602,"date":"2022-11-02T11:12:08","date_gmt":"2022-11-02T11:12:08","guid":{"rendered":"https:\/\/armbanks.am\/2022\/11\/02\/250602\/"},"modified":"2022-11-02T11:12:08","modified_gmt":"2022-11-02T11:12:08","slug":"interest-rates-on-consumer-and-business-loans-in-armenia-have-not-risen-noticeably-central-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/11\/02\/250602\/","title":{"rendered":"Interest rates on consumer and business loans in Armenia have not risen noticeably- central bank"},"content":{"rendered":"\n<p><strong>YEREVAN, November\u00a02. \/ARKA\/. <\/strong>Interest rates on consumer and business loans\u00a0provided by Armenian banks\u00a0have not risen noticeably, Martin Galstyan, chairman of the Central Bank,\u00a0told\u00a0a Tuesday press conference.<\/p>\n\n\n\n<p>Galstyan&nbsp;explained&nbsp;that Armenian banks have&nbsp;earned&nbsp;quite large profits this year, generated from non-interest income, such as&nbsp;commission&nbsp;and&nbsp;currency conversions&nbsp;fees.<\/p>\n\n\n\n<p>&#8220;Due to the generation of these profits, banks have raised interest rates much more gently than the Central Bank has raised the refinancing rate,&#8221; he explained.<\/p>\n\n\n\n<p>The chairman of the National Assembly&#8217;s Economic Affairs Committee Babken Tunyan stated earlier that in the first 9 months of 2022 Armenia-based commercial banks earned 188 bln drams in net profit (after taxation), up 3 times from the same time span of 2021.&nbsp;He said in the third quarter alone, the bank&#8217;s profit totaled about 77 billion drams.<\/p>\n\n\n\n<p>Tunyan said the bulk of profit was generated by commission payments, income from the purchase and sale of currency, etc., unlike the previous years, when most of the profit came from interest.<\/p>\n\n\n\n<p>&#8220;The rise in banks\u2019 profitability is not bad, but the unprecedented rise in profits, changes in its structure, as well as the factors contributing to the sharp increase and its impact on the economy require&nbsp;additional attention,&#8221; he said. ($1 &#8211; 395.19 drams) -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interest rates on consumer and business loans\u00a0provided by Armenian banks\u00a0have not risen noticeably, Martin Galstyan, chairman of the Central Bank,\u00a0told\u00a0a Tuesday press conference<\/p>\n","protected":false},"author":1,"featured_media":194314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15849,524],"class_list":{"0":"post-250602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-15849","10":"tag-524"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250602"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/194314"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}