Interest rate spread of Armenia’s banks at 7.26% in February

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04.04.2014 14:42

YEREVAN, April 4. /ARKA/. Interest rate spread of Armenia’s commercial banks was 7.26% in February, an increase of 2.07 percentage points compared to February last year, ArmStat reported. An increase of 1.63 percentage points is recorded compared to the month before.

Interest rate spread (lending rate minus deposit rate) is a key indicator of any banking system. High spread points to systemic risks when banks are unable to adequately assess loan risks.

According to ArmStat, average interest rates in Armenia’s banks were 17.08% in February against 15.91% in January on loans, and 9.82% against 10.28% on deposits.

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Central Bank of Armenia board keeps key rate at 7.5%.

25.03.2014 18:45

The Central Bank of Armenia Board said today it has decided to keep its key refinancing rate at 7.5%

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Armenian Central Bank expects no tangible cuts in interest rates on lending in foreign encage

24.02.2014 20:10

Arthur Stepanyan, a member of Armenian Central Bank Board, said today the regulator’s latest decision to cut its key refinancing rate earlier this month by 0.25 percentage point to 7.5 percent is unlikely to have any substantial impact on interest rates at local forex market

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Central Bank says drop in lending interest rates was caused by lowering key refinancing rate

08.01.2014 15:54

The Central Bank of Armenia said the drop in lending interest rates observed in the local financial market in 2013 November and December was caused by the regulator’s decision to cut its key

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Reduction in current Russian Central Bank rates low probable under current inflation: Uliukaev

12.12.2013 14:37

Head of Russia’s ministry of economic development Aleksey Uliukaev said Russian Central Bank’s rates for key transactions will most probable not reduce under the current inflation, Uliukaev told reporters in London as quoted by RIA Novosti

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Interest rates stabilize in frist quarter of 2014

08.04.2013 20:38

Armenia’s Central Bank said after a March 26 meeting of its Board that in the first quarter of 2013 interest rates on loans stabilized somewhat

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Real effective exchange rate of AMD stood at 2.3% in January

15.03.2013 14:26

Real effective exchange rate of the Armenian dram against foreign currencies stood at 2.3% in January 2013 compared to December 2012, according to the monthly news report of Armenia’s Central Bank

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Average interest rate on AMD consumer loans in Armenia inched up 0.4 p.p. to 20,2% in Nov

17.01.2013 18:31

Average annual interest rates on AMD consumer loans in Armenia inched up by 0.4 p.p. to 20.2% in November 2012 from October, the Central Bank said Thursday

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Armenian banks gain AMD 7.3 billion from Forex rate fluctuations in Q3

13.11.2012 15:31

Changes in foreign exchange rates had favorable effect on Armenian banks’ funds in the third quarter of this year, which is gauged at over AMD 7.3 billion

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Average interest rates on deposits in Armenia dive 0.1 p.p. to 8%

13.07.2012 15:03