YEREVAN, July 13. /ARKA/. Average interest rates on long-term deposits ( for over 1 year period) for individuals in Armenia downed by 0.5 p.p. in May from April, according to the data available on the Central Bank’s official website.

The average interest rate on deposits in Armenian drams tumbled by  0.3 p.p.,  and in foreign currency –by 0.7 p.p. to 11.8 % and 7.4% respectively  within the reported period, the source shows.
At the same time, the average interest rate on long-term deposits in drams for legal entities dashed by 0.9 p.p. to 9.8%, and in foreign currency- by 0.5 p.p. to 5.8%. ($1- 413.50 drams). --0--

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The average interest rate on short-term loans in Armenian drams dropped by 0.3 percentage points to 16.9%, % this May from a year earlier, the website of the Central Bank of Armenia says

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Astrid Clifford, CEO of HSBC Bank Armenia, said Tuesday the bank didn’t expect a sharp decline in loan interest rates

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The average interest rate on loans in Armenian drams dropped by

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The average interest rate on individual deposits in Armenia in February this year dropped by 0.4 p.p. from January to 8.9%, the Central Bank of Armenia said in a statement on its official website.

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Over 120 Armenia young families will get a chance to receive auto loans at low interest rates, Arsen Kamaryan, Deputy Minister of Sport and Youth Affairs of Armenia, said on Friday.

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Average interest rates on deposits in January in Armenia compared to the last month reduced by 0.4 p.p. reaching to 8.4%, says the site of CBA.

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Interest rates on corporate deposits in foreign currency decrease by 0.4 pp in January.

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Average interest rates on long-term loans increased by 0.4% and 0.5% in 2011 December.

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Armenian banking system has resources to offer lending at lower rate, Gagik Minasyan said.

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