Lending rates to go down 1-2% by yearend
26.09.2009 17:12 GMT+04:00

/PanARMENIAN.Net/ As result of RA CBA’s policy, the lending rates may
go down 1-2% by the end of the year, according to Ameriabank director
general Artak Hanesyan.

`Reduction of lending rates is first of all conditioned by reduction
of deposit rates,’ he told a PanARMENIAN.Net reporter.

`A 5% rate seems to be the most convenient,’ he said.

Mr. Hanesyan also voiced hope that the bank’s lending activities will
be revived by the end of the year.