Interest rates at Armenia’s financial market continue stabilizing in November

21.12.2012 20:07
Interest rates at Armenia’s financial market continue stabilizing in November

YEREVAN, December 21. /ARKA/. Interest rates at Armenia’s financial market continued stabilizing in November, the press office of the Central Bank of Armenia said today in its report presenting the results of the bank board’s meeting held on December 11.

“Average inter-bank repo interest rate rose 0.15 percentage points to 9.0% in November, compared with October, average interest rate at the primary market of up-to-one-year government bonds went 0.15 percentage points up, reaching 9.96%, and average interest rate on inter-bank loans at stock exchange rose 0.15 points to 7.91%,” the central bank’s report says.

The Armenian dram weakened by 0.12% against the U.S. dollar in November, compared with October, to 407.1 drams per one dollar, but strengthened against the euro by 0.98% to 522.3 drams per one euro and revaluated against the Russian ruble by 0.69% to 12.98 drams per ruble.

Monetary environment in November was following: 12-month growth of money and dram supply grew 21.2% and 16.3% respectively. Deposits in drams grew 25.2% and deposits in foreign currencies 27.7%. If currency fluctuations are not counted, the latter grew by 20.5%.

“Lending in Armenia grew 26.1% in November, compared with the same month a year earlier, and loans extended in foreign currencies continue dominating lending in the country,” the reports says. -0---


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