HSBC Bank Armenia forecasts bank lending rates increaseNovember 22, 2011 - 13:41 AMT PanARMENIAN.Net - HSBC Bank Armenia cjsc forecasts growth tendencies in bank lending rates in view of current situation with world economy, as well as increase of banks’ expenditures after toughening of relevant legislation on behalf of regulators, HSBC Bank Armenia CEO said. According to Astrid Clifford, growth tendencies will inevitably affect Armenia, however, subsiding after a while. Ms. Clifford refrained to provide any forecast on deposit interest rates, noting that even if deposit interest rates increase, the upsurge won’t be as drastic as in lending rates. 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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |