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