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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
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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.
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59:"Armenia Industry Research – Banks"
898:. You can help Knowledge (XXG) by
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78:Armenia Banking Information
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83:HSBC Bank Armenia website
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30:List of banks in Armenia
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40:Central Bank of Armenia
16:Armenian banking system
894:-related article is a
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767:limited recognition
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62:(PDF)
896:stub
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