ARMENIAN COMMERCIAL BANKS ATTRACT OVER 1 YEAR DEPOSITS AT HIGHESAT INTEREST RATE IN EARLY OCTOBER
Noyan Tapan News Agency
Oct 10 2005
YEREVAN, OCTOBER 10, NOYAN TAPAN. In the period of September 29 –
October 6, the RA commercial banks attracted over 1 year deposits
at the highest interest rate of 8% and 90-day deposits at the lowest
interest rate of 4%. According to the Central Bank of Armenia (CBA)
data, in the same period, the banks extended 30-day and 90-day loans
at the highest interest rate of 20% and 360-day loans at the lowest
interest rate of 17%.
The dynamics of interest rates of deposits attracted by the commercial
bank was as follows:
29.09.05 06.10.05
30 days 7% 6%
60 days 4% 5%
90 days 2% 4%
180 days 7% 6%
360 days 7% 6%
over 1 year 8% 8%
The dynamics of interest rates of the loans extended by the commercial
banks was as follows:
29.09.05 06.10.05
30 days 14% 20%
60 days 20% 19%
90 days 21% 20%
180 days 21% 18%
360 days 16% 17%
over 1 year 19% 18%
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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