YEREVAN, September 9. \/ARKA\/. Interest rates on all the types of lending keep going down in Armenia, Ashot Osipyan, chairman of the Union of Banks of Armenia, said Friday at a news conference.<\/p>\n
\u201cThis decrease is connected with liquidity and competition,\u201d he said.<\/p>\n
Taking into account world developments, he predicted that interest rates on deposits will go down as well.<\/p>\n
According to the central bank, in July dram loans were extended to legal entities at 13.5% average interest rate (0.05% month-on-month decrease), and loans in foreign currencies were extended them at 10.9% average interest rate(0.05% increase).<\/p>\n
Average interest rate on dram loans for individuals was 20.2% (20.2% month-on month decrease) and loans in foreign currencies 16.75% (0.05% decrease).<\/p>\n
Average interest rate on legal entities\u2019 dram deposits was 8.7% in July (3% decrease, compared with the previous month), and interest rate on their deposits in foreign currencies averaged 5% after going 2.25 percentage points down, compared with June.<\/p>\n
Individuals had their dram deposits\u2019 average interest rate downed by 0.45 percentage points to 10.5% in July and interest rate on deposits in foreign currencies 0.55% to 5.75%.<\/p>\n
Armenian banks\u2019 aggregate assets amounted to AMD 1763.3 billion and credit investments AMD 1179.1 billion in late June.<\/p>\n
Deposits in banks totaled AMD 858.1 billion. The banking system\u2019s total capital amounted to AMD 352.5 billion (6.7% growth). ($1 = AMD 371.92). -0—<\/p>\n","protected":false},"excerpt":{"rendered":"
Osipyan: Interest rates on loans in Armenia to continue their downward motion.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12613,12455,524],"class_list":{"0":"post-27038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-interest","10":"tag-loans","11":"tag-524"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/27038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=27038"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/27038\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=27038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=27038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=27038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}