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
- List of banks in Armenia
- Economy of Armenia
- Central Bank of Armenia
References
- ^ "Armenia Industry Research – Banks" (PDF).
External links
- Armenia Banking Information
- HSBC Bank Armenia website
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Banking in Europe
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Banking in Asia | |
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