Artak Hanesyan: Ameriabank intends to increase its loan portfolio by minimum 10% this yearSeptember 16, 2010 - 16:00 AMT PanARMENIAN.Net - Director General of Ameriabank CJSC Artak Hanesyan said that the bank intends to increase its loan portfolio by minimum 10% by the end of 2010. Currently, the bank loan portfolio totals AMD 76bln, while another AMD 7-8bln will be added to it, Hanesyan told a PanARMENIAN.Net reporter. SMB loans make 30% (around AMD 25bln) of the bank loan portfolio, with 13.6% average interest rate. As for trends in banks interest rates, they have already decreased, said Hanesyan, adding that currently market interest rates are applied in Armenia’s banking system. 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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |