Average interest rates on individual deposits in foreign currency increase by 0.7 p.p. to 7.2%

Banks

YEREVAN, December 29. /ARKA/. Average interest rates on individual deposits in foreign currency increased by 0.7 percentage points in late November against October to 7.2%, the Central Bank of Armenia said in a statement posted on its official website.

It said the average interest rate on individual long-term deposits in foreign currency grew by 1.2 percentage points to 7.8%, and on short-term deposits by 0.2 percentage points to 6.6%.

The average interest rate on individual long-term deposits in Armenian drams also increased by 0.4 percentage points reaching 11.5%. The interest rate on short-term deposits remained unchanged at 10.1%. ($1 – 385.68 drams. -0-

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