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IDBank Reference Rate (IBRR)



for the 4rd quarter of 2017
      

Currency

IBRR

Valid till

AMD

10.1%

30.06.2019

USD

4.9%

30.06.2019


Method of calculation of the IBRR and the components by currencies

AMD

IBRR= 1/5 of REPO + 4/5 interest rate of the Bank on deposit + additional component

Where:

  • REPO – the refinancing rate set by the CBA. The refinancing interest rate is constantly published on the web site of the Central Bank of RA  (www.cba.am).
  • Interest rate of the Bank on deposits – interest rate determined and published by the Bank  for individuals for “Safe” type of deposit (without the right to replenish and payment of accrued interest at the maturity) for 366-730 days maturity.
  • Additional component – is determined by the Investment (Asset and Liability) Committee as an interest value on the basis of changes and tendencies of interest rates for loans and term deposits on the financial market of RA, prudential standards according to the materials published by the Central Bank of RA and the National Statistical Service of RA, particularly on the basis of developments in the field of tax and budget and monetary policy and the changes on international markets.

USD, EUR

IBRR=  interest rate of the Bank on deposit + additional component

Where:

  •  Interest rate of the Bank on deposits – interest rate determined and published by the Bank  for individuals for “Safe” type of deposit (without the right to replenish and payment of accrued interest at the maturity) for 366-730 days maturity.
  • Additional component – is determined by the Investment (Asset and Liability) Committee as an interest value on the basis of changes and tendencies of interest rates for loans and term deposits on the financial market of RA, prudential standards according to the materials published by the Central Bank of RA and the National Statistical Service of RA, particularly on the basis of developments in the field of tax and budget and monetary policy and the changes on international markets.

Determination of the IBRR

The IBRR is determined by the Investment (Asset and Liability) Committee of the Bank on quarterly basis and published on the official web-site of the Bank.

  • The IBRR can be reviewed in extraordinary order if the following changes occurred after the last adoption of the IBRR 
    increase/decrease of refinancing interest rate (REPO) set by the CBA by 1 percentage point.
  • increase/decrease of interest rates set and published by the Bank on deposit by 1 percentage point 
The page was updated 04.03.2019 15:27
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