YEREVAN, February 16. /ARKA/. The average interest rate on individual deposits in 2011 December increased by 0.5% from a year earlier to 9.2%, according to Central Bank of Armenia. A statement on its official website says the average rate on legal entities’ deposits increased by 0.9% from 2010 December to 8.3%.
The average interest rate on deposits in 2011 increased by 0.7 percentage points to 8.8%. There are 21 banks in Armenia. ($1 -388.89 drams). -0-
