ArmInfo. Since 2006 to thisday deposits in Armenian banks increased significantly, and the average annualgrowth remains in the range of 10-15%. About it on the final press conference on March 19th the executive director reportedUnion of Banks of Armenia (UBA) Seyran Sargsyan.In this vein, he recalled the 2008 economic crisis, which,according to him, had no effect on the dynamics of growth of deposits.
Moreover, the share of legal entities accounted for 1.1trillion Drams (with an annual growth of 13%), and individuals - 1.6 trillion. drams(with annual growth of 3%). , said he, stressing that business activity is really is observed. , - he said.
In addition, experts noted that deposits in the banking system Armenia continues to grow, despite the last 3 year long trend of lower interest rates. , said S. Sargsyan, at the same time noticing a decrease interest rates on loans by 3-4 percentage points, which was mainly due to lower margins. A.Anesyan paid special attention to the fact that in comparison with other countries, Armenian banks receive too modest margins. "NowMargin averages about 8%, while Georgianbanks work with a margin of 20%, US-12%>, he said.