All news related to Banks

Armenian banks, credit organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

19.06.2019 18:57

Armenian banks, credit  organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

YEREVAN, June 19, /ARKA/. Armenia-based commercial banks, credit organizations and pawnshops are now obliged to indicate a real interest rate on loans worth up to 15 million drams in the loan agreements, a parliament member from the Bright Armenia party Maneh Tandilyan wrote in a Facebook post today.

Her post comes after the National Assembly approved in the second and final reading a draft law on consumer lending, which had been proposed by herself.

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

17.06.2019 19:00

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

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

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Consumer lending by Armenian banks grew by 220 billion in 12 months

13.06.2019 16:47

Consumer lending by Armenian banks grew by 220 billion in 12 months

At the end of April, 2019, consumer lending by Armenian banks amounted to 776.6 billion drams, having increased by 220.4 billion drams ($ 459 million) or 39.6% from April 2018, Central Bank of Armenia said

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Interest rates on Armenian banks’ loans tend to decline

11.06.2019 18:45

Interest rates on Armenian banks’ loans tend to decline

Interest rates on Armenia-based commercial banks’ loans show a downward trend, Araratbank Board Chairman Ashot Osipyan told reporters on Tuesday. According to him, in 2018 the rates also decreased, prompted by growing competition

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Armenia-based commercial banks provide $900 million worth loans in 2019

11.06.2019 17:27

Armenia-based commercial banks provide $900 million worth loans in 2019

Armenia-based commercial banks have provided $900 million worth loans in 2019, which was instrumental to secure 9.2% growth for the first 4 months of 2019 as opposed to the same time span in 2018

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Banks’ lending to organizations shrinks 0.61% in Armenia

06.06.2019 19:00

Banks’ lending to organizations shrinks 0.61% in Armenia

The loans provided by banks totaled AMD 3 235.3 billion in late April 2019 after growing 1.1% or by AMD 35.1 billion over one month, the Central Bank of Armenia reports

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Commercial banks in Armenia forgive fines and penalties totaling USD 24.5 million to 20,889 borrowers

05.06.2019 11:15

Commercial banks in Armenia forgive fines and penalties totaling USD 24.5 million to 20,889 borrowers

Commercial banks in Armenia have forgiven fines and penalties totaling AMD 11.8 billion (USD 24.5 million) on bad loans to 20,889 borrowers as of June 2, 2019, the press office of the Central Bank of Armenia reported on Tuesday

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In quarter one, Armenian banks paid 11.8 billion drams in taxes

20.05.2019 18:02

In quarter one,  Armenian banks paid 11.8 billion drams in taxes

The list of Armenia’s largest 1000 corporate taxpayers in the first quarter of 2019 includes all the 17 commercial banks operating in the country, which paid a total of 11.8 billion drams in taxes, up from 9.4 billion drams they had paid in the first quarter of 2018 (an increase of 25.3%), according to the State Revenue Committee of Armenia (SRC).

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Deposits in Armenian banks drop by 25 billion drams to about 3 trillion

02.05.2019 18:43

Deposits in Armenian banks drop by 25 billion drams to about 3 trillion

At the end of March, 2019 the total amount of deposits in Armenia-based commercial banks stood at 2.979.3 trillion drams, having decreased by 25.1 billion drams or 0.84% from the previous month

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Arka releases ranking of top ten banks by size of loan portfolio

19.04.2019 22:54

Arka releases ranking of top ten banks by size of loan portfolio

The combined loan portfolio of Armenia-based 17 commercial banks in the first quarter of 2019 amounted to 3,126.7 trillion drams

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