The situation in the deposits market in Armenia continues to attract close attention.
So, the year 2011 turned out to be a very favorable sector of banking services for this: the total volume of deposits of 21 combustions of Armenia in 2011 amounted to more than 969.7 billion drams (excluding the accumulated interest), and the growth rate of population deposits in 2011 increased from 6.9 % to 38.1%. Such a unique increase in deposits was supposed to lead to a decrease in interest rates, however, in reality, according to the Central Bank of the Republic, we see that in 2011 the average level of bets on the drama deposits of banks in the country increased from 9.6% to 10.6% , and according to invaluate deposits — from 6.4% to 7%. In principle, an increase in the volume of the deposit base of the commercials should lead to an increase in credit proposal to the real sector of the economy and the population, and, accordingly, reduce the cost of loans. However, in 2011, as evidenced by official data, the average interest rate on loans in dramas has reduced by only 1 p. p. — up to 17.1%, and in dollars — by 0.3 p. p., up to 14.2%.
