All news related to Banks

Mortgage lending by Armenia-based commercial banks almost doubled

17.09.2019 17:14

Mortgage lending by Armenia-based commercial banks almost doubled

YEREVAN, September 17. /ARKA/. The mortgage lending by Armenia-based commercial banks has almost doubled, Armenian Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday.

He said in the first seven months of 2019 a total of 84.5 billion drams worth mortgage loans had been provided, by 90.5% more than in the same time span of 2018.

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Interest rates on Armenian banks' loan drop, Pashinyan says

17.09.2019 17:13

Interest rates on Armenian banks' loan drop, Pashinyan says

Interest rates on loans provided by Armenian commercial banks have decreased, Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday

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Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

23.08.2019 18:59

Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

The loan portfolios of Armenian commercial banks grew by 14.4% in 2019 July as opposed to 2018 July, the head of the Union of Banks of Armenia and CEO of Ameriabank Artak Hanesyan told reporters today

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Armenian banks' taxes grow by 6.9 percent in first half of 2019

09.08.2019 19:03

Armenian banks' taxes grow by 6.9 percent in first half of 2019

The list of Armenia’s 1000 largest corporate taxpayers in the first six months of 2019 includes all the 17 commercial banks operating in the country, which paid about 29.5 billion drams in various taxes and duties, up from 27.6 billion drams they had paid in the first half of 2018 (an increase of 6.9%), according to the numbers, released by the State Revenues Committee (SRC)

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Private remittances sent to Armenia via banks in May 2019 grew to $168.9 million,

31.07.2019 12:10

Private remittances sent to Armenia via banks in May 2019 grew to $168.9 million,

The amount of private remittances sent to Armenia via banks in May 2019 totaled $168.9 million, an increase of $29.2 million, or 20.9% as opposed to the same month in 2018, the Central Bank of Armenia said today. It said in May alone the amount of remittances increased by 16.9% from the previous month

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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

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

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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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