YEREVAN, March 11. / ARKA /. The average annual interest rate on mortgage loans in US dollar issued by Armenian banks in January 2013 decreased by 0.4 percentage points to 12.2%, when compared to 2012 December, the Central Bank of Armenia said in a statement, posted on its official website.

The average interest rate on mortgage loans in Armenia’s national currency, the dram, fell by 1 percentage point to 11.8%.

The average interest rate in January on long-term loans in Armenian drams was 16.25%, down by 0.25% compared with the previous month, and the interest rate on loans in foreign currency was 13.6%, an increase of 0.3 percentage point over the previous month.

The average interest rate on short-term loans in Armenian drams dropped to 16 percent from 16.75% in 2012 December, while on loans in foreign currency fell to 13.05% against 13.55% a month earlier. ($ 1 - 410.58 drams) -0 -