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