Average interest rate on short-term loans in Armenian national currency drop by 1.3 percentage point in march to 17%

26.04.2012 17:44
Average interest rate on short-term loans in Armenian national currency drop by 1.3 percentage point in march  to 17%

YEREVAN, April 26. /ARKA/. The average interest rate on short-term loans in Armenian national currency, the dram, provided by local banks in March dropped by 1.3 percentage point from a year before to 17%, according to a statement posted on the official website of the Central bank of Armenia.

Overall, the average interest rate on short-term loans in foreign and Armenian currencies decreased compared to March 2011 by 1.6 percentage points to 15.5%. At the same time, the average interest rate on short-dram saving deposits in Armenian drams grew by 0.1 percentage point to 8.6%.

Overall, the average  interest rates on short-term savings deposits in foreign and local currencies dropped by 0.3 percentage points from 2011 March to 7%. There are 21 banks in Armenia. ($1 - 392.42 drams). -0-


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