Thursday, August 30 2012 20:43
Corporate loan rates in Armenia down from 12.7% to 12.2% for Jan-July 2012
ArmInfo. In July 2012 the rates of corporate loans in Armenia made up 12.2% (up 0.5 points versus June 2012, down 0.1 points versus July 2011, down 0.5 points over Jan-July 2012). The Central Bank of Armenia says that the growth of the corporate loan rates in July due to the rise in AMD loan rates - from 13% to 13.7%, and in USD loan rates - from 10.3% to 10.6%.
The source says that as compared to the same period of 2011, the rates of AMD loans of legal entities rose by 0.2 points (down 0.1 points over Jan-July). In Jan-July 2012 the rates of the USD loans of legal entities dropped by 1.1 points (down 0.3 points versus Jan-July 2011).
Meanwhile, in Jan-July 2012 the rates of personal loans dropped by 0.5 points to 16.2% (down 0.4 points versus Jan-July 2011, down 0.1 points in July 2012 alone). The decline of the personal loan rates in Jan- July 2012 was due to the reduction of rates of AMD loans from 20.4% to 20.1% and USD loans from 16.7% to 16.1%. As compare with the same period of 2011, the rates of AMD loans of individuals dropped by 0.1 points (up 0.1 points in July alone), and USD loan rates dropped by 0.7 points (down 0.4 points over July).
The CBA says that the rates of personal mortgage loans dropped by 0.4 points over Jan-July 2012 and by 0.3 points versus Jan-July 2011, having totaled 12.5% (up 0.1 points over July). In particular, the AMD mortgage loan rates declined from 12.7% to 12.4% over Jan-July 2012 (up 0.2 points over July). The USD mortgage loan rates dropped from 13% to 12.5% in Jan-July 2012 (down 0.3 points versus Jan-July 2011, down 0.1 points over July alone).
In July 2012 the rates of short-term personal loans made up 19.2% (down 0.8 points over Jan-July 2012 and down 0.5 points over July alone). The rates of long-term personal loans made up 17% (up 0.2 points over July, and down 0.1 points over Jan-July 2012). The rates of short-term corporate loans rose by 0.2 points to 11.1% in July 2012 (down 0.5 points versus July 2011, and down 1.1 points in Jan-July 2012). The rates of long-term corporate loans made up 13.2% in July 2012(down 0.7 points versus July 2011, down 0.2 points in July 2012).
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