Announcement

Collapse
No announcement yet.

Lending rates to go down 1-2% by yearend

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Lending rates to go down 1-2% by yearend

    Lending rates to go down 1-2% by yearend
    26.09.2009 17:12 GMT+04:00

    /PanARMENIAN.Net/ As result of RA CBA's policy, the lending rates may
    go down 1-2% by the end of the year, according to Ameriabank director
    general Artak Hanesyan.

    `Reduction of lending rates is first of all conditioned by reduction
    of deposit rates,' he told a PanARMENIAN.Net reporter.

    `A 5% rate seems to be the most convenient,' he said.

    Mr. Hanesyan also voiced hope that the bank's lending activities will
    be revived by the end of the year.
Working...
X