The Central Bank of Armenia and commercial banks are coordinating activities.

“It’s corrects, as it’s the demand of the market,” Prometey Bank board chairman Emil Soghomonyan told a PanARMENIAN.Net reporter. “The Central Bank took up an expedient monetary policy, while the banks grant loans with affordable interest rates.”

“Armenian banks are highly marketable and it’s natural that interest rates move downward, so that the banks can distribute capital. Interest rates will fall till the end of the year, making 12-13%,” he said.