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ARMENIAN PREMIER: QUICK INTRODUCTION OF MORTGAGE LENDING CONCEPT NECESSARY
ARKA
Apr 2, 2009
YEREVAN, April 2. /ARKA/. Armenian Premier Tigran Sargsyan considers
it necessary to speed up the process of introducing the mortgage
lending concept in the country.
"We have many sportsmen, young families in the country who can take the
advantage of the mortgage loans, and the concept that we are developing
together with the Central Bank of Armenia, needs to be introduced as
soon as possible," the Premier said at the government meeting Thursday.
This has been one of the priorities in the election campaign program
of Armenian President Serzh Sargsyan, the Premier said.
The reason for this statement was the discussions on the presidential
instruction to allocate individual pensions to sportsmen and
coaches who achieved high results on Olympics, world and European
championships.
Mortgage loans extended by Armenia's commercial banks had
totaled 81.1bln Drams by the end of the fourth quarter
2008. ($1=369.85Drams).
ARKA
Apr 2, 2009
YEREVAN, April 2. /ARKA/. Armenian Premier Tigran Sargsyan considers
it necessary to speed up the process of introducing the mortgage
lending concept in the country.
"We have many sportsmen, young families in the country who can take the
advantage of the mortgage loans, and the concept that we are developing
together with the Central Bank of Armenia, needs to be introduced as
soon as possible," the Premier said at the government meeting Thursday.
This has been one of the priorities in the election campaign program
of Armenian President Serzh Sargsyan, the Premier said.
The reason for this statement was the discussions on the presidential
instruction to allocate individual pensions to sportsmen and
coaches who achieved high results on Olympics, world and European
championships.
Mortgage loans extended by Armenia's commercial banks had
totaled 81.1bln Drams by the end of the fourth quarter
2008. ($1=369.85Drams).