  Armenian banks experience no problems with banking operationsMarch 21, 2009 - 19:19 AMT PanARMENIAN.Net - The global economic crisis and recent dram devaluation caused banking activity decay.Meanwhile, Ashot Hovsepyan, President of Ararat Bank said the bank allocated mortgage credit to the amount of 35 million drams during this week. "There are no reasons to worry. Armenian banks experience no problems with banking operations," he told reporters on Saturday. "Competition between the banks and assessment of risks will result in decrease in banking credit rate." He also said that the dram-to-dollar rate has lowered by the end of the week.   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 |  Related sections Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
