{"id":92453,"date":"2015-11-02T07:03:02","date_gmt":"2015-11-02T07:03:02","guid":{"rendered":"https:\/\/armbanks.am\/2015\/11\/02\/243751\/"},"modified":"2024-12-15T13:20:46","modified_gmt":"2024-12-15T13:20:46","slug":"no-sharp-changes-in-deposit-interests-expected-union-of-banks-of-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/11\/02\/92453\/","title":{"rendered":"No sharp changes in deposit interests expected, union of banks of Armenia"},"content":{"rendered":"<p><strong>YEREVAN, October 30. \/ ARKA \/.<\/strong> The vice-president of the Union of Banks of Armenia Seyran Sargsyan ruled out today sharp changes in interest rates on deposits in Armenian dram. Speaking at a news conference Seyran Sarkisian said contrary to interest rates on deposits in drams that are on the rise the interest rates on deposits in foreign currency continue to decline.<\/p>\n<p>According to Central Bank figures, the average interest rate on deposits in Armenia&#8217;s national currency in September was 14.06%, an increase of 1.8% over the previous month.<\/p>\n<p>Sarkisian said there was no link between the growth of rates and the banks&#8217; moves to replenish their capital or reserves &#8216;because the banks&#8217; liquidity is high.&#8217;<\/p>\n<p>According to him, the rise in interest rates on dram deposits is prompted by the desire of banks to attract short-term funds.<\/p>\n<p>According to the National Statistical Service, in late August 2015 the overall deposits at 21 Armenian commercial banks stood approximately at 1.835.6 trillion drams, having decreased by 0.8% from the previous month.<\/p>\n<p>Resident deposits were by 0.8% down from the previous month standing at 1.422.1 trillion drams. Resident deposits in the national currency totaled 497.5 billion drams, a decline of 3.1% from July, while deposits in foreign currency grew by 0.4% to the equivalent of 924.6 billion drams. ($1 \u2013 472.78 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The vice-president of the Union of Banks of Armenia Seyran Sargsyan ruled out today sharp changes in interest rates on deposits in Armenian dram<\/p>\n","protected":false},"author":1,"featured_media":156954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,14053,15872],"class_list":{"0":"post-92453","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-banks","11":"tag-changes","12":"tag-deposit-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/92453","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=92453"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/92453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156954"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=92453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=92453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=92453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}