ARMENIAN COMMERCIAL BANKS CAN RECONSIDER LOAN ISSUE CONDITIONS

PanARMENIAN.Net
07.04.2009 12:44 GMT+04:00

/PanARMENIAN.Net/ The Central Bank of Armenia has discussed new
conversion rules.

"New rules allow commercial banks to reconsider loan issue conditions,
including mortgages," CB chairman Arthur Javadyan told PanARMENIAN.Net.

"Commercial banks can change the schedule and terms of credit repayment
and monthly payment amount," he said.