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Ameriabank: no serious decrease in Interest Rate expected in 2010

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  • Ameriabank: no serious decrease in Interest Rate expected in 2010

    Tigran Jrbashyan: no serious decrease in interest rate on credits
    expected in 2010

    06.03.2010 11:23 GMT+04:00

    /PanARMENIAN.Net/ Provision of anti-crisis financing is the primary
    task for Armenian banking system, according to Ameriabank development
    director Tigran Jrbashyan .

    `While trying to overcome the crisis, we face a rising demand for loan
    resources, entailing significant activation in loan market. To this
    end, Ameriabank has scheduled a serious program on allocation of USD
    80 million within current year,' he told a news conference in Yerevan.

    Tigran Jrbashyan did not forecast any serious decrease in interest
    rate on credits in 2010, explaining the latter by bank's stiffened
    monetary policy, caused by the threat of inflation.

    Ameriabank is an investment bank offering corporate, investment, and
    limited retail services in the form of an integrated package.
    Ameriabank' strategic partner is "Troika Dialog" - one of the largest
    investment banking companies in Russia.
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