Wednesday, May 23 2012 15:48
Raising of the loan rates when the deposit ones have not changed results in growth of profit margin
ArmInfo. The raising of the loan rates when the deposit ones have not changed, has resulted in growth of the profit margin from 6,9% up 7,2%. According to the monthly guide of Armenian Central Bank, the average loan rate has grown from 15,2% up to 15,5%, whereas deposit rates have not changed and were 8,3%. To note, in January of the current year the deposit rates were 8,4%, and in December 2011 £®¤ - 8,8%, over these months the loan rates were fixed at 15,7%.
The growth of loan rates in Feb 2012 versus Feb 2011 is conditioned by raising of the dram loans from 16,1% up to 17%, and falling of the dollar loans from 14,3% to 14%. At the same time, the rates for the dollar deposits dropped from 6,6% to 6,4%, and for the dram deposits grew from 10,1% up to 10,2%.
The rates for loans to individual persons fell from 12,6% to 12,4% thanks to dropping of the dollar loans - from 11,3% to 11%, while the dram ones did not change and remain at the level of 13,8%. At the same time, the loans to legal persons grew from 17% to 17,1% thanks to growth of the dram loans from 17,7% to 18,5%, and dropping of the dollar ones - from 16,3% to 15,5%. The deposits to legal persons fell in price from 8,1% to 7,8% thanks to the dollar deposits falling (from 6,6% to 6,3%), as well as the dram ones (from 9,5% to 9,1%), whereas the deposits to individual persons grew in price from 8,6% up to 8,9% thanks to growth of the drams deposits from 10,5% up to 11,2% and falling of the dollar deposits from 6,7% to 6,5%. Incidentally, maximal rates in February 2012 were fixed on the dram deposits of individual persons: long-lasting - 11,8% and short-term - 10,6%. The weighted average return of the short-term of the government bonds at the primary market grew from 8,8% up to 8,9%, the mid-term - from 13,8% up to 14%, and the long-term ones - from 14,8% up to 15,4%.
According to the Armenian National Statistics Service, in March 2012 the interest rates of the drams deposits fell from 9,48% to 8,55%. As for the rates of interest on the dram loans for March 2012, they fell by 0,37 points, and by 0,55 points versus March 2011, and grew by 0,05% for the 1Q 2012, having fixed at 17,74% by 1 April 2012.
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