 Armenia needs to consolidate its banking industry March 4, 2010 - 15:35 AMT PanARMENIAN.Net - Ameriabank accepts 2.5 per cent rate for "non-performing" loans in 2010, ArtakHanesyan chairman of Directorate, Director General of Ameriabank told a joint news conference in Yerevan, in connection with the contract between Ameriabank and EBRD. According to Artak Hanesyan, to date the level of "non-performing" loans in Ameriabank has not exceeded 0.6 per cent and for 2010 Ameriabank accepts 2.5 per cent rate for "non-performing" loans. According to EBRD Financial Institutions Managing Director Mike Taylor , there is a need to consolidate the banking industry in Armenia. On March 4, 2010 Ameriabank and the European Bank for Reconstruction and Development signed a contract in the frames of MCFF in Yerevan. Co-financing contract was signed by the chairman of Directorate, Director General of Ameriabank Artak Hanesyan and DEBRD Financial Institutions Managing Director Mike Taylor.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Armenia considers Cyprus as one of its main partners in EU - envoy  Armenia considers Cyprus one of its main partners in the European Union, Ambassador Tigran Mkrtchyan has said.Armenian, Albanian Foreign Ministers discuss ties, regional issues Armenian Foreign Minister Ararat Mirzoyan had a meeting with the Minister of Foreign Affairs of Albania Igli Hasani.POLITICO: Baku lobbying agains detained Karabakh ex-leader abroad Azerbaijan is lobbying agains former Nagorno-Karabakh leader Ruben Vardanyan, according to POLITICO.Armenia confirms will attend NATO summit in Washington Armenia has confirmed its participation in the NATO summit in Washington, a spokesperson has confirmed. |
