YEREVAN, March 21. /ARKA/. The average interest rate on loans in Armenian drams dropped by 0.5 percentage points to 17.1% this February from January, the website of the Central Bank of Armenia says.The average interest rate on loans in foreign currency is said to lose 0.05 p. p. to 13.55 % in February 2012 from January. The average rate on loans for legal entities reported no change and remained 12.4% late in February. The same indicator for individuals decreased by 0.5 p.p. to 18.3 % in February 2012 from January. As of February 29, 2012, there are 21 commercial banks in Armenia. ($1 – 388.39 drams). —0–
