Average Interest Rates On Long-Term Deposits For Legal Persons Decrease

07.06.2011 18:28
Average Interest Rates On Long-Term Deposits For Legal Persons Decrease

YEREVAN, June 7. / ARKA /. Average interest rates on long-term deposits (placed for more than 12 months) for legal persons decreased in April if compared to March by an average 2.25 percentage points, while for individuals they increased by 0.5 percentage points, according to a Central Bank of Armenia report on aggregated monetary indicators for April 2011.

According to the report, the average interest rates for deposits in Armenian national currency, dram, for legal entities decreased by 3.1 percentage points, while for deposits in foreign currency deposits by 1.4 percentage points, reaching the average 7.7% and 6.2% respectively.

The average interest rate for deposits in dram and foreign currency for individual clients rose by 0.5 percentage points to average 11.2% and 7.9% respectively. –0--


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