  Avetis Baloyan: loan interest rates tend to decreaseOctober 20, 2010 - 17:33 AMT PanARMENIAN.Net - Executive Director of Inecobank CJSC Avetis Baloyan said that the bank interest rates for loans decrease at a higher pace compared with those for deposits. “However, the interest rates for deposits will start decreasing soon as well, while more favorable conditions of lending will be offered for economy,” Baloyan told a PanARMENIAN.Net reporter. According to him, the 12% interest rate is a good index, the more so as it was out of question a year ago. “The bank interest rates decrease at a rather high pace this year, contributing to competitiveness,” he said.   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 Turkey restoring 500-year-old Surp Sarkis Armenian Church  During the program, Sahak Maşalyan, the Patriarch of Türkiye's Armenians, inspected the historic church and offered prayers.BSEC Secretary General due in Armenia on July 1 On July 1, the Secretary General of the Black Sea Economic Cooperation Organization (BSEC) Lazar Comanescu will pay a working visit to Armenia.Armenia win 3 gold medals at European Junior Boxing Championships Armenia has three world champions after the European Junior Boxing Championships held in Sarajevo over the past week.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. |
