{"id":91792,"date":"2015-10-06T14:39:34","date_gmt":"2015-10-06T14:39:34","guid":{"rendered":"https:\/\/armbanks.am\/2015\/10\/06\/243626\/"},"modified":"2024-12-15T13:20:21","modified_gmt":"2024-12-15T13:20:21","slug":"lending-became-more-expensive-in-august","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/10\/06\/91792\/","title":{"rendered":"Lending became more expensive in August"},"content":{"rendered":"<p><strong>YEREVAN, October 6. \/ ARKA \/.<\/strong> In 2015 August Armenian banks&#8217; loans were more expensive than in the previous month, the Central Bank said today adding that both short-term and long-term loans in drams and in US Dollars became more costly.<\/p>\n<p>More precisely, interest rates on loans in Armenian drams repayable in less than 12 months increased by 0.68 percentage points to 18.86%, while loans in US dollars increased by 0.37 percentage points to 10.76%.<\/p>\n<p>Interest rates on loans in drams repayable in more than a year rose by 0.61 percentage points to 18.26%, and loans in US Dollars became more expensive by 0.7 percentage points being issued at 11.79%.<\/p>\n<p>The rise is primarily explained by high refinancing rate. Following a dramatic depreciation of dram at the end of 2014 the Central Bank raised the refinancing rate from 6.75% to 8.5%. Within 8 months of this year the refinancing rate was raised twice to 10.5% and 10.25%.<\/p>\n<p>Another factor affecting the interest rates is high level forex reserve requirements. In December 2014 the requirement was raised from 12% to 24%. Today, the forex reserve requirement is 20%.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2015 August Armenian banks&#8217; loans were more expensive than in the previous month, the Central Bank said today adding that both short-term and long-term loans in drams and in US Dollars became more costly<\/p>\n","protected":false},"author":1,"featured_media":169379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15418,15865],"class_list":{"0":"post-91792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-bank-en-2","11":"tag-central-bank-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/91792","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=91792"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/91792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/169379"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=91792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=91792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=91792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}