Banking_in_Armenia

Banking in Armenia

Banking in Armenia

Armenian banking system

In order to support the sector and increase availability of loans, the Central Bank of Armenia (CBA) started the process of monetary policy easing by systematically lowering the refinancing rate, which decreased by 4.5p.p. down to 6% between 2015-2017. This has pushed banks to revise rates on loans and deposits downwards, evidenced by dropping credit and deposit rates from 14,7% to 10,7% and from 9,7% to 5,3% in 2016-2017 respectively.[1]

See also

References

  1. [1]
    "Armenia Industry Research – Banks" (PDF).


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