Wednesday, May 23 2012 15:49

Interests on short-term loans grow amid decline of interests on long-term loans


ArmInfo. Interests on short-term loans grew from 16.3% to 16.5% by March versus the same period of 2011 (exclusive of consumer loans), amid decline of interest on long-term loans from 14.5% to 14.4% in average. The monthly reference of the Armenian Central Bank says interests on short-term corporate loans fell from 12.2% to 11.3% and interests on personal loans fell from 20.4% to 19.1%.

Interests on consumer loans fell from 18.6% to 12.2% for Jan-Feb 2012 and by 7.4 points for Feb alone. Interests on long-term corporate loans grew from 12.9% to 13.5% by March versus the same period of 2011 due to increase of long-term loans in terms of USD and AMD. Interests on long-term personal loans fell from 18% to 17.6% due to reduction of interests on USD loans from 17% to 15.9% and increase of interests of AMD loans from 18.9% to 19.2%. Interests of mortgage loans fell from 12.7% to 12.3% versus March 2011 and 12.9% since early 2012.

As for the interests on deposits, the highest were on AMD personal deposits by March 2012: long-term - 11.8% and short-term - 10.6%. Interests of short-term deposits (1-year) grew from 7.3% to 7.7% over the year. Interests on short-term AMD deposits grew from 9.2% to 9.5% and those on USD deposits- from 5.4% to 5.8%. Interests on long-term deposits (over 1-year) in average fell from 9.4% to 8.9% oversees March 2011, including AMD deposit - from 10.9% to 10.8% and USD deposits - from 7.8% to 7%. Interests on short-term corporate deposits grew from7.3% to 7.5% amid decline of interests on short-term personal deposits from 8.8% to 8% and unchanged interests on long-term personal deposits (9.9%).
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