YEREVAN, September 16. /ARKA/. Deposit interest rates in Armenia are showing a downward trend, and credit rates are still unchanged, Central Bank Chairman Martin Galstyan told reporters on Tuesday.
The Board of the Central Bank of Armenia, at a meeting on Tuesday, decided to reduce the refinancing rate by 0.25 percentage points and set it at 4.25%. The rate of the Lombard repo provided by the Central Bank was 5.75%, and the rate on funds attracted by the Central Bank from other banks was 2.75%.

"Some commercial banks have already noted a certain decrease in deposit rates and new deposits are attracted at a definitely lower rate. As for loans, it is still difficult to draw conclusions, since uncertainty remains in the economy. In terms of containing risks, banks may pursue different policies," Galstyan said.

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Loan interest rates are gradually moving down in Armenia, Mher Abrahamyan, chairman of the Union of Banks of Armenia, told journalists on Wednesday. In his words, the downward movement of interest rates is seen either on loans in the national currency or on loans in foreign currencies, and this drives banks’ margin down

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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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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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Lending interest rates in Armenia can be reduced at the expense of about 300 billion drams

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Interest rates on both deposits and loans are going down throughout the last few years, Andranik Grigoryan, chief of the Armenian central bank’s division in charge of stability and development of the country’s financial system, told journalists on Tuesday

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The availability of loans is one of the most important issues for SMEs, Unibank said in a press release. It said decreasing the interest rate, it has improved the conditions for unsecured loans to make them more accessible for SMEs

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Interest rates on loans provided by Armenia-based banks continue to decline, updating historical lows, according to the latest data of the Central Bank of Armenia

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The Yerevan-based Converse Bank said today it has revised the lending terms as part of the Affordable Housing for Youth program, as well as the terms of refinancing with the funds of the National Mortgage Company, reducing the interest rates

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The Yerevan-based Araratbank has announced a 1% cut in the interest rates on mortgage loans from July 31. It said in a news release that mortgage loans in Armenian drams are provided at 10% interest rate and a repayment period of 20 years

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