Friday, July 4 2014 17:59
Interest rates in Armenia's financial market keep falling
ArmInfo. Interests rates in the financial market of Armenia began falling in late 2013. The downward trends continued also in the first half of 2014. According to the Central Bank's data provided to ArmInfo, the average yield of the government bonds with up to 1-year maturity in the primary market was 7.79% of 18 June. This indicator fell 0.26 pp in Q2 2014, while comparing to May, it fell by 0.2pp. The average monthly refinancing rate in the inter-bank market was 7.4%, with a 1.1pp decline for Q2 and 0.4pp decline versus the previous month. The average interest rate of the exchange-listed inter-bank loans was 6.8%, with a 1.22pp decline for Q2 and 0.8pp decline as against May.
The source reports certain appreciation of the Armenian dram against foreign currencies in Q2 and in June 2014. As of 18 June, the average exchange rate of the national currency against the US dollar was 410.6 AMD/ 1 USD. With a 0.96% decline for Q2 and 0.67% decline was June. The Armenian dram appreciated against EUR by 3% in Q2 and 2.1% in June totaling 556.6 AMD/1EUR. The national dram has depreciated against the Russian ruble by 4.4% in Q2 and 0.1% on June totaling 11.9 AMD/1 RUR. The Central Bank of Armenia reduced the refinancing rate by 0.25pp to 7% on 24 June.
Active consumer lending causes double-digit growth in bad loans 
Luys Foundation: Armenian government continues to face challenges in budget planning
Armenia`s brandy and winemaking industry in crisis - economist 
Even at embryonic stage, powerful impetus given to economic activity in energy sector - ENA acting manager 
Armenian NA OKs ENA nationalization 
China preparing to open new chapter of One Belt, One Road initiative with involvement of Armenia - diplomat 
The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan