  Lending rates to go down 1-2% by yearendSeptember 26, 2009 - 18:12 AMT PanARMENIAN.Net - As result of RA CBA's policy, the lending rates may go down 1-2% by the end of the year, according to Ameriabank director general Artak Hanesyan."Reduction of lending rates is first of all conditioned by reduction of deposit rates," he told a PanARMENIAN.Net reporter. "A 5% rate seems to be the most convenient," he said. Mr. Hanesyan also voiced hope that the bank's lending activities will be revived by the end of the year.   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 |  Related sections Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
