Lending rates to go down 1-2% by yearend
As result of RA CBA's policy, the lending rates may go down 1-2% by the end of the year, according to Ameriabank director general Artak Hanesyan.
"Reduction of lending rates is first of all conditioned by reduction of deposit rates," he told a PanARMENIAN.Net reporter.
"A 5% rate seems to be the most convenient," he said.
Mr. Hanesyan also voiced hope that the bank's lending activities will be revived by the end of the year.
"Reduction of lending rates is first of all conditioned by reduction of deposit rates," he told a PanARMENIAN.Net reporter.
"A 5% rate seems to be the most convenient," he said.
Mr. Hanesyan also voiced hope that the bank's lending activities will be revived by the end of the year.
