Commercial Banks Attract Over a year Maturity Deposits at 9% rate

COMMERCIAL BANKS ATTRACT MORE THAN YEAR DEPOSITS WITH HIGHEST INTEREST
FROM JULY 22-29
YEREVAN, August 2 (Noyan Tapan). In the period from July 22 to 29, the
commercial banks of Armenia attracted more than a year deposits with
the highest interest rate (9%) and 30-day, 60-day and 90-day deposits
with the lowest interest rate (5%). According to the data of the
Central Bank of Armenia, during the same period the commercial banks
extended 180-day, 360-day and more than a year loans with the highest
interest rate (21%) and 30-day loans with the lowest interest rate
(13%). The dynamics of the deposits attracted by commercial banks is
as follows: 22.07.04 29.07.04 30 days 2% 5% 60 days 2% 5% 90 days 8%
5% 180 days 4% 7% 360 days 8% 7% More than a year 8% 9% The dynamics
of the interest rates of the loans issued by commercial banks:
22.07.04 29.07.04 30 days 17% 13% 60 days 25% 20% 90 days 23% 20% 180
days 14% 21% 360 days 20% 21% More than a year 21% 21%