YEREVAN, May 15. /ARKA/. An average interest rate on deposits for individuals in Armenia fell by 0.25 p.p. to 8.7% in March  of this year from February, the data published on the website of Armenia’s Central Bank shows.

An average interest rate on deposits for legal entities confirmed February’s 7.7% in March.
According to the data, an average interest rate on deposits in Armenia dropped by 0.1 p.p. to 8.2% in March from February.

As of March 31 there are 21 commercial banks in Armenia with 444 branches. ($1 – 394.45 drams). –0--