Yerevan /Mediamax/. Chairman of “Unibank” board Vardan Atayan stated today that “banks should not demonstrate greed and should be ready to work with small margin to increase interest rates on deposits”.

As Mediamax was told in the press service of “Unibank” today, Vardan Atayan stated today that if the interest rates on state bonds make 13% annually, banks, in order to attract deposits, should offer higher interest rates on deposits, reaching 20%. Otherwise, the population will prefer bonds, which enjoy state guarantee, Chairman of “Unibank” Board stated.

Vardan Atayan stated that since the Armenian legislation bans setting credit interest rates, which exceed 24%, “consequently, to increase the rates on deposits, banks should not demonstrate greed and should be ready to work with small margin”.

Vardan Atayan noted that at present the interest rates on “Unibank” deposits reach 14% and are one of the highest in the market. “The demand is high for deposits, which are elaborated basing on the principle of mutual profitability. This is proved by the fact that for already a long time “Unibank” preserves leadership in the banking system of Armenia as to time deposits of individuals”, Vardan Atayan stated.