Sun, 3 August
34.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Interest rates on corporate deposits in foreign currency decrease by 0.4 pp in January

YEREVAN, February 27. /ARKA/. The average interest rate on corporate deposits in foreign currencies in January 2012 decreased by 0.4% from January 2011 to  6.6%, the Central Bank of Armenia said in a statement posted on its official website. It said the interest rate on corporate long-term deposits in foreign currencies fell by 0.4 percentage points to 8%, and  the rate on short-term deposits dropped by 0.4 p.p. to 5.2%.

According to the statement, the interest rate on corporate long term deposits in Armenian currency dropped by 1.6 p.p. to 8.8%, and increased by 1.9 p.p. on short-term deposits to an average 9.9%. ($1 -389.32 drams.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img