Areximbank-Gazprombank Group to activate customer lendingMay 30, 2013 - 15:39 AMT PanARMENIAN.Net - Areximbank-Gazprombank Group CJSC plans to activate customer lending in 2013, increasing the retail portfolio to AMD 20.1 billion. “Armenian banks view diversification of consumer lending as a risk reduction method, which in turn, intensified market competition,” head of the bank’s retail lending division Armen Hambartsumyan said, adding that Areximbank-Gazprombank Group keeps improving the credit conditions, trying to simplify the procedure for registration and issuance of loans. In the first quarter of 2013, loans issued to clients totaled AMD 93.9 bln, increasing by AMD 11.4 bln or 14% as compared with the same period of 2012, the bank’s press service reported. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |