Bank Base Rate

Bank Base Rate

AMD (Effective 15 August, 2016) 10.5%
USD (Effective 02 May, 2015) 9.75%
EUR (Effective 02 May, 2015) 8.00%

AMD Base Rate

AMD Base Rate is equal to the Refinancing (Repo) Rate announced by the Central Bank of Armenia plus a fixed margin. Repo Rate is always published on the Central Bank's web-site: www.cba.am

If there is a move in the Repo Rate by 200 basis points (up or down) since the date of last review of the AMD Base Rate by the Bank, the Bank is entitled to change AMD Base Rate. The fixed margin over the Repo Rate may be amended at any time at the Bank's discretion to reflect local or international market changes.

AMD Base Rate last review date is 17 June 2016
Effective 15 August 2016

Explanatory Note on AMD Base Rate change

On June 17, 2016 HSBC Bank Armenia cjsc made a decision to decrease AMD Base Rate by 100 basis points from 11.50% to 10.50% with effect from 15 August 2016. This decision is based on the movement of Refinancing (Repo) Rate announced by the Central Bank of Armenia by more than 200 basis points (7.75% in June 2016 versus 10.50% in March 2015 when the last review of the Base Rate was conducted by the Bank) and the current market environment, as well as the tendency of decreasing AMD interest rates in the market.


USD Base Rate

USD Base Rate is equal to the US Federal Funds Target Rate (rate announced by the US Federal Reserve - Central Bank of the United States of America) plus a fixed margin. US Federal Reserve Target Rate is always published on the Federal Reserve's web-site: http://www.federalreserve.gov/fomc/fundsrate.htm

If there is a move in the US Federal Funds Target Rate by 200 basis points (up or down) since the date of the last review of the USD Base Rate by the Bank, the Bank is entitled to change USD Base Rate. The fixed margin over the US Federal Funds Target Rate may be amended at any time at the Bank's discretion to reflect local or international market changes.

USD Base Rate last review date is 18 March 2015
Effective 02 May 2015

EUR Base Rate

EUR Base Rate is equal to the Main Refinancing Operations Fixed Rate announced by the European Central Bank (ECB Main Refinancing Operations Fixed Rate) plus a fixed margin. ECB Main Refinancing Operations Fixed Rate is always published on the European Central Bank's web-site: http://www.ecb.europa.eu/stats/monetary/rates/html/index.en.html

If there is a move in the ECB Main Refinancing Operations Fixed Rate by 200 basis points (up or down) since the date of the last review of the EUR Base Rate by the Bank, the Bank is entitled to change EUR Base Rate. The fixed margin over the ECB Main Refinancing Operations Fixed Rate may be amended at any time at the Bank's discretion to reflect local or international market changes.

EUR Base Rate last review date is 18 March 2015
Effective 02 May 2015

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 15/08/2016 15:00