{"id":92947,"date":"2015-11-19T14:55:07","date_gmt":"2015-11-19T14:55:07","guid":{"rendered":"https:\/\/armbanks.am\/2015\/11\/19\/243839\/"},"modified":"2024-12-15T13:21:02","modified_gmt":"2024-12-15T13:21:02","slug":"decline-in-armenian-banks-net-profits-caused-by-drop-in-their-interest-rate-spread-cb-chairman-says","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/11\/19\/92947\/","title":{"rendered":"Decline in Armenian banks&#8217; net profits caused by drop in their interest rate spread, CB chairman says"},"content":{"rendered":"<p><strong>YEREVAN, November 19. \/ARKA\/.<\/strong> The decline in Armenian banks&#8217; net profits is caused by the drop in the banks&#8217; interest rate spread, chairman of the Central Bank Arthur Javadyan said in an interview with &#8216;Zhamanak&#8217; (Time) daily.<\/p>\n<p>According to Central Bank&#8217;s data, the net profit of Armenian banks in the first 9 months of 2015 slashed by 53.4% from the year before to 13.129.7 billion drams. Of 21 banks operating in Armenia only 14 posted income for the reporting period.<\/p>\n<p>The Central Bank chairman noted that the banks had to cut interest rates on loans and at the same time, they had to keep interest rates on deposits relatively high.<\/p>\n<p>&#8220;If rates on deposits remain at the same level, while interest rates on loans are reduced, it has a strong pressure on the banks&#8217; profits. But now, after recent decisions of the Central Bank, these issues have been solved,&#8217; he said.<\/p>\n<p>According to Javadyan, the regulator&#8217;s latest decisions were about reserve requirements. In particular, he noted that the regulator has exempted funds attracted form abroad, long-term loans as well as proceeds from issuance of bonds from the obligatory reserve requirements. &#8220;Thus, today we have better conditions than we had last year,&#8217; he said.<\/p>\n<p>According to Javadyan, the banking system of the country has been affected by the overall economic situation in the country. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decline in Armenian banks&#8217; net profits is caused by the drop in the banks&#8217; interest rate spread, chairman of the Central Bank Arthur Javadyan said in an interview with &#8216;Zhamanak&#8217; (Time) daily<\/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":[15837,15418,12333],"class_list":{"0":"post-92947","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-profits"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/92947","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=92947"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/92947\/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=92947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=92947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=92947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}