COMMERCIAL BANKS ATTRACT MORE THAN YEAR DEPOSITS WITH HIGHEST INTEREST
IN EARLY AUGUST

YEREVAN, August 9 (Noyan Tapan). In the period from July 29 to August
5, the commercial banks of Armenia attracted more than a year deposits
with the highest interest rate (9%) and 180-day deposits with the
lowest interest rate (4%).

According to the data of the Central Bank of Armenia, during the same
period the commercial banks extended 90-day loans with the highest
interest rate (22%) and 60-day loans with the lowest interest rate
(5%). The dynamics of the deposits attracted by commercial banks is as
follows: 29.07.04 05.08.04 30 days 5% 7% 60 days 5% 5% 90 days 5% 6%
180 days 7% 4% 360 days 7% 8% More than a year 9% 9% The dynamics of
the interest rates of the loans issued by commercial banks: 29.07.04
05.08.04 30 days 13% 20% 60 days 20% 5% 90 days 20% 22% 180 days 21%
11% 360 days 21% 21% More than a year 21% 18%