Tweet
Armenia's Central Bank not certain about plan to freeze villagers' loans
17:29 - 22.05.13
The Central Bank of Armenia (CBA) does not promise to freeze the loans
of the Armavir region's villagers who suffered a heavy crop damage as
a result of last week's heavy hailstorms.
In a statement, CBA President Arthur Javadyan says such a measure may
pose additional risks to the banking and financing sector, cutting the
inflow of funds.
`It is worthwhile mentioning that the Central Bank of Armenia is not
authorized to intervene in loan lenders' internal affairs and
contractual relations,' reads the statement.
Armenian News - Tert.am
From: Emil Lazarian | Ararat NewsPress
17:29 - 22.05.13
The Central Bank of Armenia (CBA) does not promise to freeze the loans
of the Armavir region's villagers who suffered a heavy crop damage as
a result of last week's heavy hailstorms.
In a statement, CBA President Arthur Javadyan says such a measure may
pose additional risks to the banking and financing sector, cutting the
inflow of funds.
`It is worthwhile mentioning that the Central Bank of Armenia is not
authorized to intervene in loan lenders' internal affairs and
contractual relations,' reads the statement.
Armenian News - Tert.am
From: Emil Lazarian | Ararat NewsPress