HSBC Bank Armenia forecasts bank lending rates increaseNovember 22, 2011 - 13:41 AMT PanARMENIAN.Net - 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. 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 | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. |