Wednesday, January 15 2014 18:34

In Nov 2013 margin on Armenia's financial market made up 5.3%


ArmInfo. In Nov 2013 deposit rates on Armenia's financial market made up an average of 9.1% (0.7% more than in Oct 2013 and 0.6% more than in Nov 2012). During the same period credit rates made up 14.5% (0.1% less than in Oct 2013 and exactly as much as in Nov 2012). As a result, the margin made up 5.3% (5.3% less than in Oct 2013 and Nov 2012).

The Central Bank of Armenia reports that in Nov 2013 USD deposit rates grew by 1.1% to 7%, while AMD deposit rates grew by 0.1% to 11.2%. During the same period USD credit rates dropped by 0.4% to 12.7%, while AMD credit rates grew by 0.3% to 16.3%.

In Nov 2013 short-term deposit rates grew by 0.8%, while long-term deposit rates dropped by 0.8%. During the same period short-term credit rates dropped by 0.2% to 14.9%, while long-term credit rates remained unchanged at 14.2%.

In Nov 2013 corporate deposit rates grew by 1.2% to 8.9%, personal deposit rates grew by 0.1% to 9.4%. In the meantime, corporate credit rates dropped by 0.1% to 12.5%, while personal credit rates remained unchanged at 15.8%.

In Nov 2013 the weighted average yield of short-term government bonds on the primary market dropped to 8.6% from 9% in Oct 2013 and 10.4% in Nov 2012, while the yield of medium-term bonds dropped to 10.2% from 13.1% and 14.3%, respectively.
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