Interest rates on deposits has increased in May

Average interest rate on checking accounts in soums in May comprised 3.20%. The interest rate fallen 0.23 points in past month.

Average interest rate on 3-month soums deposit increased by 1.79 points and in May made up 15.90%.

Average interest rate on 6-month soums deposits increased by 1.65 points to 16.10%.

Average interest rate on 12-month soums deposit in May increased by 2.86 points compared to previous month to 17.16%.

Average annual interest rate on term deposits in soums in May made up 16.45, and increased by 1.74% compared to previous month.

In May, average annual interest rate on term deposits in the US dollar was 6.45% or down 0.09 points compared to April.

Average interest rate on term deposits in euro increased by 0.34 points and made up 4.71%.

Changes in soums deposits are connected to introduction of new deposits and positive change of interest rates in a number of banks of Uzbekistan. Leaders among them are Ipotekabank, Turkistonbank and Universalbank. Largest increase in rates are spotted in 12 month term deposits, with 10-11 points grow in a leading banks.

The investment company said changes in hard currency are not significant and related to suspension of some deposits.

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, current 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.