{"id":98083,"date":"2016-05-18T13:30:16","date_gmt":"2016-05-18T13:30:16","guid":{"rendered":"https:\/\/armbanks.am\/2016\/05\/18\/244680\/"},"modified":"2024-12-15T13:23:45","modified_gmt":"2024-12-15T13:23:45","slug":"loans-in-drams-became-cheaper-in-april","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/05\/18\/98083\/","title":{"rendered":"Loans in drams became cheaper in April"},"content":{"rendered":"<p><strong>YEREVAN, May 18. \/ ARKA \/.<\/strong> The amount of loans provided by Armenian banks in the national currency, the dram, decreased in April following Central Bank&#8217;s decision to cut its\u00a0 refinancing rate, according to the data of the regulator.<\/p>\n<p>Thus, interest rates on loans in drams repayable in less than 12 months fell by 1.17 percentage points in April as opposed to March to 17.94%, while interest rates on loans repayable in more than a year fell by 0.59 percentage points to 17.63%. At the same time, interest rates on loans in foreign currency repayable in less than 12 months\u00a0 increased by 1.45 percentage points to 9.41%, while interest rates on loans repayable in more than a year fell by 0.36% p.p. to 10.58%.<\/p>\n<p>In April interest rates on deposits in drams also fell. In particular, deposits with less than 12 months term decreased by 0.68 percentage points to 10.77%, while interest rates on deposits with\u00a0 more than one year term fell by 0.44 percentage points to 13.73%.<\/p>\n<p>Interest rates on deposits in foreign currency with less than 12 months term decreased by 0.63 percentage points to\u00a0 5.27%, while interest rates on deposits with more than a year term\u00a0 increased by 0.5 percentage points to 7.7%.<\/p>\n<p>As a result of lower rates on loans in drams and deposits the spread between the interest rates has also narrowed.<\/p>\n<p>It should be noted that the Central Bank has cut its refinancing rate three times since the beginning of the year. In February it was lowered from 8.75% to 8.5%, in March to 8.25% and to 7.75% on May 17.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amount of loans provided by Armenian banks in the national currency, the dram, decreased in April following Central Bank&#8217;s decision to cut its  refinancing rate<\/p>\n","protected":false},"author":1,"featured_media":158548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12455],"class_list":{"0":"post-98083","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-loans"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98083","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=98083"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/158548"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=98083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=98083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=98083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}