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Loan interest rates are gradually moving down in Armenia

31.10.2019 16:21

Loan interest rates are gradually moving down in Armenia

YEREVAN, October 31. /ARKA/. 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.

Abrahamyan said that loan interest rates have shed 4.5-5 percent in Armenia over a period between 2014 and 2019. He expects no significant changes in the next year. In his words, rates are though to remain unchanged in 2020, though this depends on the central bank's policy. "I think they will remain at the same level. Most probably the dynamics will be stable, and the same applies also to deposits," he said.

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EFSE provides Araratbank with multi-currency senior loan equivalent to USD 10 million

10.10.2019 18:56

EFSE provides Araratbank with  multi-currency senior loan equivalent to USD 10 million

The European Fund for Southeast Europe (EFSE) said it has once again teamed up with long-time partner ARARATBANK to drive local business growth in Armenia

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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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Man who has taken loan by submitting forged papers to face trial

24.06.2019 23:13

Man who has taken loan by submitting forged papers to face trial

Armenia’s Investigative Committee reported Monday about completion of the criminal case over a 52-year-old man, who had taken a loan by submitting false papers of a contract serviceman

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Armenian parliament raises upper limit of consumer loan to 15 million drams

19.06.2019 18:45

Armenian parliament raises upper limit of  consumer loan to 15 million drams

Armenia’s National Assembly has approved today in the second and final reading a draft law on consumer lending, proposed by the Bright Armenia party

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Unibank to showcase loan products developed for tourism companies at

29.04.2019 10:25

Unibank to showcase loan products developed for tourism companies at

The Yerevan-based Unibank said today it will be showcasing its loan products

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Government of Armenia subsidizes interest rates on loans provided for installment of anti-hail grids

05.04.2019 09:58

Government of Armenia subsidizes interest rates on loans provided for installment of anti-hail grids

YEREVAN, April 4. /ARKA/. The government of Armenia has approved today a program on subsidizing interest rates on loans provided for installment of anti-hail grids. Minister of Agriculture Gegham Gevorgyan said the subsidies will apply to loans for the installation of anti-hail grids for fruit and vine gardens ranging from 0.5 to 10 hectares. He […]

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Armenian Central Bank chairman explains why interest rates on loan may reach 50-100%

21.03.2019 17:58

Armenian Central Bank chairman explains why interest rates on loan may reach 50-100%

The chairman of the Central Bank of Armenia Artur Javadyan unveiled today some details of a set of projects designed to improve the financial literacy of citizens

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Inecobank receives USD 15-million subordinated loan from Blue Orchard Microfinance Fund

28.02.2019 18:03

Inecobank receives USD 15-million subordinated loan from Blue Orchard Microfinance Fund

Inecobank has received a USD 15-million subordinated loan from Blue Orchard Microfinance Fund international financial organization

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VTB Bank (Armenia) announces new year loan offer

19.12.2018 17:26

VTB Bank (Armenia) announces new year loan offer

In tune with its strategy of providing loans on the best terms, the VTB Bank (Armenia) has announced today a New Year lending campaign with lower effective interest rates, saying in a press release that the loans are to be secured by gold items

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