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ARMENIAN PARLIAMENT TO CONSIDER AMENDMENTS EASING ATTRACTION OF SUB-LOANS
ARKA
September 7, 2009
Yerevan
Armenian standing parliament commission for finance, credit and
budget issues provided a positive conclusion on the amendments easing
attraction of sub-loans by commercial organizations.
The amendments review the law provision preventing commercial
organizations from attracting subloans, said vice-chairman of the
Central Bank of Armenia (CBA) Vache Gabrielyan as quoted by the
parliament press service.
Attracting of subloans is a more efficient and prompt way to attract
additional capital than increasing of the authorized stock, Gabrielyan
said.
If the proposed draft law is passed, commercial, including financial
organizations will get an opportunity to improve their financial
status through attraction of subloan funds.
The commission gave a positive conclusion on the draft law, yet
stressed that it should be considered once more from the legal
point-of-view to eliminate any possible contradiction between the laws.
ARKA
September 7, 2009
Yerevan
Armenian standing parliament commission for finance, credit and
budget issues provided a positive conclusion on the amendments easing
attraction of sub-loans by commercial organizations.
The amendments review the law provision preventing commercial
organizations from attracting subloans, said vice-chairman of the
Central Bank of Armenia (CBA) Vache Gabrielyan as quoted by the
parliament press service.
Attracting of subloans is a more efficient and prompt way to attract
additional capital than increasing of the authorized stock, Gabrielyan
said.
If the proposed draft law is passed, commercial, including financial
organizations will get an opportunity to improve their financial
status through attraction of subloan funds.
The commission gave a positive conclusion on the draft law, yet
stressed that it should be considered once more from the legal
point-of-view to eliminate any possible contradiction between the laws.