  HSBC Bank Armenia forecasts bank lending rates increase November 22, 2011 - 13:41 AMT PanARMENIAN.Net - HSBC Bank Armenia cjsc forecasts growth tendencies in bank lending rates in view of current situation with world economy, as well as increase of banks’ expenditures after toughening of relevant legislation on behalf of regulators, HSBC Bank Armenia CEO said. According to Astrid Clifford, growth tendencies will inevitably affect Armenia, however, subsiding after a while. Ms. Clifford refrained to provide any forecast on deposit interest rates, noting that even if deposit interest rates increase, the upsurge won’t be as drastic as in lending rates.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
