Executive Director of Inecobank CJSC Avetis Baloyan said that the bank interest rates for loans decrease at a higher pace compared with those for deposits.

“However, the interest rates for deposits will start decreasing soon as well, while more favorable conditions of lending will be offered for economy,” Baloyan told a PanARMENIAN.Net reporter.

According to him, the 12% interest rate is a good index, the more so as it was out of question a year ago.

“The bank interest rates decrease at a rather high pace this year, contributing to competitiveness,” he said.