ArmInfo. In June 2026, the interest rate on retail AMD loans with a maturity of 1 to 5 years decreased by only 0.4 percentage points (pp) compared to December 2025. Daniel Azatyan, Chairman of the Union of Banks of Armenia, announced this during a press conference on August 4.
He also noted that the interest rate on individuals' dram deposits (with a similar maturity) remained at 9.5%. Consequently, the margin between interest rates on dram loans and deposits stood at 7.2%, contracting by 0.4 pp compared to December 2025.
At the same time, according to Azatyan, the interest rate on dollar-denominated retail loans with a 1-to-5- year maturity increased by 0.3 pp in June 2026 compared to December 2025, while the rate on dollar deposits with a similar maturity rose by 0.1 pp to reach 4.1%. The margin between dollar loan and deposit interest rates amounted to 5.3%, expanding by 0.4 pp compared to December 2025.
Meanwhile, the interest rate on corporate dram and dollar loans with a maturity of 1 to 5 years decreased by 0.1 pp in June 2026 compared to December 2025, settling at 13.2% and 8.5%, respectively.
As of June 30, 2026, the share of dram loans stood at 65% and dollar loans at 35%, compared to 66% and 34% respectively for the same period in 2025. Deposits are also predominantly denominated in drams at 58%, while dollar-denominated deposits account for 42%.
Residents' deposits as of the reporting date totaled AMD 6,412 billion, marking a 9.1% year-on-year increase. Non-residents' deposits also grew by 4.8%, reaching AMD 1,658 billion.
