Wednesday, June 13 2012 15:48

Decline of interests on loans and deposits for Q1 2012 increases interest margin from 6.9% to 7.3%


ArmInfo. Interests on loans fell by 0.2points for Q1 to 15.5%, with interests on deposits falling 0.6 points to 8.2%. As a result, the interest margin increased from 6.9% to 7.3%, says the monthly reference of the Armenian Central Bank. Thus, in March 2012 versus March 2011 the interests on loans grew by 0.5 points, amid 0,1point decline of interests on deposits, which increased the margin by 0,5 points. In March 2012 versus February interests on loans fell by 0,1 points while interests of deposits was left unchanged.

No changes in March, growth since April.

Interests on loans and deposits fell for Q1 2012 following easing of loans and deposits in terms of both AMD and USD. In particular, the average interest on AMD loans made up 16.8% by late March 2012 with a 0.8-point growth versus the same period of 2011 and amid 0.1-0.2 points declines for Q1 2012 and versus Feb 2012. The interests on USD loans made up 14.2% growing 0,1 points versus Q1 2011, 0.2 points versus February 2012 and falling 0,2 points for Q1 2012. Interests on AMD deposits made up 10.1% with a 0.2-point growth versus Q1 2012 and 0.5-0.1 points decline for Q1 2012 and versus Feb 2012. As for the interests on USD deposits, they fell 0.3points to 6.3% versus Q1 2012 (down 0,7 points for Q1 2012 and 0.1 points versus Feb 2012).

According to data of the Armenian Central Bank provided to ArmInfo by the National Statistical Service of Armenia, interests on dram deposits grew 0.4 points for April 2012 to 9%, but fell 0.4 points versus the same period of 2011 and 1.3 points for Jan-Apr 2012. Interests of AMD loans grew 0.3 points for April 2012, 1 point versus Arpil 2011. and 0.3 point for Jan-Apr 2012 to 18%.

Short-term deposits are easing, while long-term deposits are rising in price.

Interests on deposits fell for Q1 2012 following easing of short-term deposits (up to 1-year): personal deposits - 1.1 points to 7.3% (down 0.3points versus the same period of 2011, and 0.6 points for March), amid growing interests on long-term personal deposits (over 1-year) for Q1 2012 by 0,1 points to 10.1% (up 1 points versus the same period of 2011, and 0,2 points for March). Interests on short-term corporate deposits fell 1.3points for Q1 2012 to 6.7% (amid 0,5 points decline versus Q1 2011 and 0.8 points for March). Interests on long-term corporate deposits grew 0,1 points to 8.8% (down 0,4 points and up 0.8 points, respectively).

In general, interests on corporate deposits fell 0.6 points for Q1 to 7.8% (down 0.4 points versus Q1 2012 and no changes for March). In particular, interests of AMD corporate deposits fell 0,1 points to 9.8% for Q1 2012 (up 0,1 points versus Q1 2011 and 0.7 points for March), while interests on USD corporate deposits fell 1.1 points to 5.7% for Q1 2012 (down 1 point and 0,6 points, respectively). A similar decline of interests on personal deposits was registered for the quarter - 0.5 points to 8.7% (up 0.3 points versus Q1 2011 and down 0.2 points for March). Interests on AMD personal deposits fell tangibly - 0.9 points to 10.4% for Q1 2012 (up 0.2 points versus Q1 2011 and down 0.8 points for March). Interests on USD personal deposits fell 0,2 points for Q1 2012 to 7% (up 0.5 points over the year and versus March).

In general, interests on short-term deposits fell 1.2 points to 7% for Q1 2012 (0.4 points decline over year and 0.7 points for March). Interests on long-term deposits were left unchanged for Q1 2012 - 9.4% (up 0.3 points versus Q1 2011 and 0,5 points for March). Interests of short-term deposits fell for Q1 2011 following reduction of interests on both USD and AMD deposits by 0,4 points to 5.3% (down 0,4 point versus Q1 2011 and 0,5 point for March) and by 1.7 points to 8.6% (0.5 points versus Q1 2011 and 0.9 points for March), respectively. Long-term deposits grew in price following the growth of interests of AMD long-term deposits 0,7 points to 11.5% for the quarter under review (up 0.6 points for March and versus Q1 2011) amid decline of interests on USD long-term deposits for Q1 2012 by 0,5 points to 7.4% (down 0,1 point versus Q1 2011 and up 0.4 points for March).

Interests on mortgage loans fall unlike interests on consumer loans.

Interests on short-term loans fell 0,2 points for Q1 to 16.7% (up 0.7 points versus Q1 2011 and 0,2 points for March), while interests on long-term loans suffered decline for Q1 2012, versus Q1 2011 and for March by 0.1 points to 14.3% for late March. Decline of interests on short-term loans for Q1 2012 followed reduction of interests on AMD loans by 0,1 points to 18.2% (amid 0.8 points growth over the year and 0,2 points decline for March) and reduction of interests of USD loans by 0,3 points to 15.2% (up 0,6 points versus Q1 2011 and 0,5 points for March). Insignificant decline of interests on long-term loans is the result of 0,1 point reduction of interests on AMD loans for Q1 2012 to 15.4% (amid 0,4 points growth over the year and 0.1 point decline for March), and unchanged interest on USD loans - 13.2% (down 0,5 points versus Q1 2011 and 0,1 point for March).

Interest rates on corporate loans for Q1 2012 fell 0,4 points to 12.3% (amid 0,1 points decline for March and no changes versus Q1 2011). In particular, interests of AMD corporate loans fell 0,8 points to 11.4% (up 0,1 points for March and down 0,9 points versus Q1 2011), while interests on USD corporate loans fell 0.9 points to 10.8% (down 0.4 points versus Q1 2011 and 0,2 points for March). Interests of corporate loans fell for Q1 2012 by 0.8 points to 11.4% (down 0.4 points versus Q1 2011 and up 0,1 point for March) amid unchanged interests on long-term loans - 13.2% (down 0.3 points for March and up 0.4 points versus Q1 2011).

Interests on personal loans were left unchanged for Q1 2011 - 17.2%, amid 0.3 points growth versus Q1 2011 and 0,1 point for March. Interests on AMD personal loans fell 0,2 points for Q1 2012 and for March to 18.3% (up 0,6 points versus Q1 2011). Interests on USD personal loans fell 0,6 points in average versus Q1 2011 and 0,4 points for Q1 2012 to 19.6% (amid 0,5 points growth for March). Interests on personal long-term loans grew 0.2 points to 17.3% (down 0,5 points versus Q1 2011 and 0,3 points for March).

Interests on consumer loans for Q1 2012 grew 0,6 points to 19.2% (unchanged for March), while interests on mortgage loans fell 0,4 points for Q1 2012 to 12.5% (down 0,1 point versus Q1 2011 and up 0.2 points March).

Government bonds fall in price.

In the primary market the average yield of short-term government bonds fell 1.9 points for Q1 2012 to 8.8% (amid 1.9 points versus Q1 2012 and 0,1 point for March), while long-term government bonds fell 0,1 point to 16.1% (amid 0,1 point growth versus Q1 2011).
POST A COMMENT
Input digits     


News
AraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan Canal
Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation 
New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationNew Education Platforms through Cooperation between AraratBank and Aren Mehrabyan Foundation
RA CB forecasts GDP growth of 6.3-4.1% in 2026RA CB forecasts GDP growth of 6.3-4.1% in 2026
RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier 
Armenian economy minister on country`s export and import plans with  Azerbaijan Armenian economy minister on country`s export and import plans with  Azerbaijan 
2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
RA health minister ready for joint programs with EAEU partners RA health minister ready for joint programs with EAEU partners 
Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan
Armenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possibleArmenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possible
Government ready to assist business contacts between Armenia,  Azerbaijan - Armenian premierGovernment ready to assist business contacts between Armenia,  Azerbaijan - Armenian premier
Armenian premier on forecast of GDP growth in 2026Armenian premier on forecast of GDP growth in 2026
Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025
Armenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cardsArmenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cards
AraratBank Receives Visa Trusted Partnership Award 2025AraratBank Receives Visa Trusted Partnership Award 2025
Exponential growth in economic activity in Armenia on New Year eve Exponential growth in economic activity in Armenia on New Year eve 
Armenia to have Kap reservoir and new village - premier Armenia to have Kap reservoir and new village - premier 
RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company 
Armenian government extends ban on export of some agricultural  products Armenian government extends ban on export of some agricultural  products 
Ban on export of whitefish caviar to be extended for six months Ban on export of whitefish caviar to be extended for six months 
Armenia and Israel discuss prospects for expanding economic  cooperationArmenia and Israel discuss prospects for expanding economic  cooperation
2% cashback to be refunded to ArCa local cards in Armenia from 20262% cashback to be refunded to ArCa local cards in Armenia from 2026
IDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary childrenIDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary children
Armenian, German taxation systems discussed at RA State Revenue  CommitteeArmenian, German taxation systems discussed at RA State Revenue  Committee
Armenian economy minister comments on Azerbaijani petrol price in  Armenia Armenian economy minister comments on Azerbaijani petrol price in  Armenia 
RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company 
WB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in ArmeniaWB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in Armenia
EEC Board approves topic on consumer rights protection in EAEU  countriesEEC Board approves topic on consumer rights protection in EAEU  countries
Russia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premierRussia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premier
FLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flightsFLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flights
Kaps reservoir construction suspended Kaps reservoir construction suspended 
Yerevan`s 2026 budget estimate ready Yerevan`s 2026 budget estimate ready 
Media: Grain from Volgograd to be delivered to Armenia via AzerbaijanMedia: Grain from Volgograd to be delivered to Armenia via Azerbaijan
MSMEs share in Armenia`s GDP increased from 31% to 34% in one year MSMEs share in Armenia`s GDP increased from 31% to 34% in one year 
WizzAir to launch direct flights between Yerevan and London starting  in summer 2026WizzAir to launch direct flights between Yerevan and London starting  in summer 2026
Scholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” ProgramScholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program
EAEU leaders agree on approaches to developing trade with their key  partners in medium termEAEU leaders agree on approaches to developing trade with their key  partners in medium term
Kılıç: Turkish Airlines will begin daily flights on the Istanbul-Yerevan-Istanbul route from March 11, 2026.Kılıç: Turkish Airlines will begin daily flights on the Istanbul-Yerevan-Istanbul route from March 11, 2026.
Armenia proposes Egypt to consider opening  TUMO centerArmenia proposes Egypt to consider opening  TUMO center
Mining remains a social pillar of Armenia`s regions - studyMining remains a social pillar of Armenia`s regions - study
Armenia, Egypt discuss prospects for developing cooperation in  agricultureArmenia, Egypt discuss prospects for developing cooperation in  agriculture
The results of the second Junius financial literacy competition have been summarizedThe results of the second Junius financial literacy competition have been summarized
 From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign
Armenia`s Ambassador to the United States attends USACC roundtable on  TRIPPArmenia`s Ambassador to the United States attends USACC roundtable on  TRIPP
Expert casts doubt on origin of recent Azerbaijani gasoline import to  ArmeniaExpert casts doubt on origin of recent Azerbaijani gasoline import to  Armenia
Pashinyan one again thanked Aliyev at EAEU Supreme Council meetingPashinyan one again thanked Aliyev at EAEU Supreme Council meeting
First robotic surgery performed in ArmeniaFirst robotic surgery performed in Armenia
World Bank remains reliable strategic partner in Armenia`s  infrastructure development, says MinisterWorld Bank remains reliable strategic partner in Armenia`s  infrastructure development, says Minister
In Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactionsIn Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactions
Train loaded with  SOCAR petroleum products arrives in ArmeniaTrain loaded with  SOCAR petroleum products arrives in Armenia
RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs 
RA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian borderRA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian border
Azerbaijani fuel import to Armenia  indicates  lack of economic  policy: David AnanyanAzerbaijani fuel import to Armenia  indicates  lack of economic  policy: David Ananyan
Fly Kish starts operating flights on route Tehran-Yerevan-Tehran Fly Kish starts operating flights on route Tehran-Yerevan-Tehran 
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Prime Minister: Train carrying petroleum products  heading from  Azerbaijan to ArmeniaPrime Minister: Train carrying petroleum products  heading from  Azerbaijan to Armenia
RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility
Armenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  borderArmenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  border
RA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. PetersburgRA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. Petersburg
Read more
Exchange rates
29.12.2025
RUB4.910.01
USD381.46-0.01
EUR448.71-0.43
GBP514.860.30
CAD278.58-0.23
JPY24.400.01
CNY54.450.01
CHF482.74-0.38


Experts
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
Mining remains a social pillar of Armenia`s regions - studyMining remains a social pillar of Armenia`s regions - study
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2