Interest rates on deposits fall in April

Average interest rate on demand deposits in soums in April comprised 3.43%. The interest rate rose 0.55 points in past month.

Average interest rate on 3-month soums deposit decreased by 0.30 points and in April made up 14.11%. Average interest rate on 6-month soums deposits fell by 0.02 points to 14.45%.

Average interest rate on 12-month soums deposit in April decreased by 0.53 points compared to previous month to 14.29%.

Average annual interest rate on term deposits in soums in April made up 14.71, or decreased by 0.46% compared to previous month.

In April, average annual interest rate on term deposits in the US dollar was 6.53% or down 0.45 points compared to March.

Average interest rate on term deposits in euro also fell by 1.64 points and made up 4.37%.

Changes in soums deposits are connected with suspension of some deposits and change of interest rate in Khalq Bank, Ravnaq Bank and Unoversal Bank.

The investment company said changes in hard currency are connected with drop in interest rate of Alokabank, Ipoteka Bank and InFinBank.

AFS Research gathers information from 27 main commercial banks based on publications in mass media and direct interaction. The review includes information on each bank, curren and previous interest rates, changes, etc.

AFS– Research is investment company, rendering wide-scale services in capital markets. The main directions of the company’s activity are investment analytics, investment-banking services and investment consulting. Web-site of the organization: www.afs-research.com.