  Emil Soghomonyan: CBA, commercial banks coordinating activitiesMay 19, 2010 - 12:56 AMT PanARMENIAN.Net - The Central Bank of Armenia and commercial banks are coordinating activities. “It’s corrects, as it’s the demand of the market,” Prometey Bank board chairman Emil Soghomonyan told a PanARMENIAN.Net reporter. “The Central Bank took up an expedient monetary policy, while the banks grant loans with affordable interest rates.” “Armenian banks are highly marketable and it’s natural that interest rates move downward, so that the banks can distribute capital. Interest rates will fall till the end of the year, making 12-13%,” 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 Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
