Despite recent rumors that some Armenian banks won’t be providing loans over fluctuations on the U.S. dollar rate, Ameriabank never stopped granting them, having only slightly changed its crediting policies, Ameriabank CEO said.

As Artak Hanesyan noted, special programs are being developed to alleviate difficulties caused by foreign currency fluctuations. Here belongs prolongation of maturity period, with the established level of payments retained. As for the extension of loans, there’s some caution practiced in assessing the solvency of the creditor.

As Ameriabank Development Director Tigran Jrbashyan noted in this context, active crediting was followed by a drop in the income. “Current uncertain economic situation doesn’t allow for growing incomes, with increase in effectively on the agenda of all banks.”

“With the relativity in the incomes and expenditures, which, where minor Armenian banks are concerned, amounts to 60-80%, the banks’ enlargement program might become a healthy trend.”

“The problem will be among the most burning ones with small banks, so the latters will be ready to unite as soon as this year. Larger banks will remain more effective and competitive,” Jrbashyan said.