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VILLAGERS IN HAIL-STRICKEN ARMAVIR COMPLAIN OF BANKS' LOAN POLICIES
14:05 ~U 10.06.13
The villagers in the southwestern region of Armavir complain that
the heavy damages to their crop caused by recent hailstorms have left
trading banks' loan policies unchanged in relation to the sums which
they had borrowed for cultivating lands.
Yeghiazar Amasyan, a resident of the Armavir village who suffered
big losses in the heavy hailstorms, told Tert.am that the commercial
banks keep demanding their interest rates despite an earlier government
decision on freezing the payoff timeframes for a definite period.
"The prime minister says the banks are freezing [the loans] for
three years, but the bank owners come to our places and say there is
nothing of the kind," he said, wondering how villagers will manage
to pay the sum back if most do not have jobs or grow enough crop to
earn the money.
Addressing the government decision on proposing 50,000 Drams ($119)
to the disadvantaged families, he said it isn't a significant sum to
solve any problem.
A deputy minister of agriculture, Garnik Petrosyan, had earlier told
Tert.am that they are now conducting negotiations with commercial
banks.
http://www.tert.am/en/news/2013/06/10/armavir-banker/
From: A. Papazian
14:05 ~U 10.06.13
The villagers in the southwestern region of Armavir complain that
the heavy damages to their crop caused by recent hailstorms have left
trading banks' loan policies unchanged in relation to the sums which
they had borrowed for cultivating lands.
Yeghiazar Amasyan, a resident of the Armavir village who suffered
big losses in the heavy hailstorms, told Tert.am that the commercial
banks keep demanding their interest rates despite an earlier government
decision on freezing the payoff timeframes for a definite period.
"The prime minister says the banks are freezing [the loans] for
three years, but the bank owners come to our places and say there is
nothing of the kind," he said, wondering how villagers will manage
to pay the sum back if most do not have jobs or grow enough crop to
earn the money.
Addressing the government decision on proposing 50,000 Drams ($119)
to the disadvantaged families, he said it isn't a significant sum to
solve any problem.
A deputy minister of agriculture, Garnik Petrosyan, had earlier told
Tert.am that they are now conducting negotiations with commercial
banks.
http://www.tert.am/en/news/2013/06/10/armavir-banker/
From: A. Papazian