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Ardshininvestbank May Raise Interest Rates

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  • Ardshininvestbank May Raise Interest Rates

    ARDSHININVESTBANK MAY RAISE INTEREST RATES

    arminfo
    2008-05-22 15:03:00

    ArmInfo. Ardshininvestbank does not rule out changing of conditions
    when giving credit, Chairman of Ardshininvestbank Board Aram Andreasyan
    told ArmInfo correspondent.

    He also added that next week credit department of the bank is going
    to discuss the issue. 'As resources at the world market have risen
    in price, we may also raise the interest rates by 1-2% for all the
    credits', - he said.

    Andreasyn also added that the bank is going to increase its credit
    portfolio up to 100 bln drams till the end of the current year. This
    index was 59.4 bln drams on 31 December 2007.
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