Average interest rate on deposits slips 0.3 points to 8.5% in November 2012

Banks

YEREVAN, January 16. /ARKA/. Average interest rate on deposits slid 0.3 percentage points in November 2012, compared with the previous month, to 8.5%.

According to the information posted on the central bank’s website, the 9.9% average interest rate on short-term deposits in Armenian drams remained unchanged in November, while that of deposits in foreign currencies went 1.35 points down to 5.25%.

Average interest rate on long-term dram deposits rose 0.25 points to 11.05% and interest rate on long-term deposits in foreign currencies went 0.05 points up to 8.15%.

Twenty one commercial banks operated in Armenia in late November 2012. ($1 – AMD 407.58). -0—

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Average interest rate on long-term dram loans drops 0.45 p.p. to 15.95% in November 2012