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Decline in interest rate spread to slow down in Armenia – central bank

27.05.2015 16:00

Decline in interest rate spread to slow down in Armenia – central bank

YEREVAN, May 27. /ARKA/. The reduction in loan and deposit interest rate spread will slow down, said Andranik Grigoryan, the head of financial system stability and development at the Central Bank of Armenia (CBA).

Over the last year the interest rate spread has continued dropping slowly, which indicates competition in the market and efficiency of the financial system, according to Grigoryan.

Deposit interest rates continue rising and loan interest rates still drop, which has a positive impact on the population, the expert said.

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Interest spread of Armenian banks in April 2013 dropped by 1.7 percentage point to 5%

11.06.2013 21:05

Interest spread of Armenian banks in April 2013 dropped by 1.7 percentage point to 5%

The interest spread of Armenian banks in April 2013 dropped by 1.7 percentage point from a year earlier to 5%, the Central Bank of Armenia

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