Average rate on individual savings deposits rises by 0.3 percentage points to 9.0%

Banks

YEREVAN, June 14. /ARKA/. The average interest rate on individual savings deposits in April rose by 0.9% p.p. from March to 9.0%, the Central Bank of Armenia said in a statement on its official website.

The average rate on legal entities’ deposits dropped by 0.6 percentage point to 7.1 percent. The average interest rate on deposits in April compared to March fell by 0.1 percentage points to 8.1%.
Armenia has 21 commercial banks. ($1 – 414.6 drams). -0-

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