HSBC Bank Armenia cjsc forecasts growth tendencies in bank lending rates in view of current situation with world economy, as well as increase of banks’ expenditures after toughening of relevant legislation on behalf of regulators, HSBC Bank Armenia CEO said.

According to Astrid Clifford, growth tendencies will inevitably affect Armenia, however, subsiding after a while.

Ms. Clifford refrained to provide any forecast on deposit interest rates, noting that even if deposit interest rates increase, the upsurge won’t be as drastic as in lending rates.