ARMENIAN BANKS ARE ENGAGED IN ROBBERY, MP FROM RPA STATES
Noyan Tapan
Oct 18 2007
YEREVAN, OCTOBER 18, NOYAN TAPAN. A number of amendments to the law
"On Youth" were discussed at the last four-day session of National
Assembly.
Their main goal is to provide financial assistance to young
people in issues of promotion of their getting married and rise
of birthrate. Reporting this at the October 18 press conference,
Hamlet Haroutiunian, a member of the NA RPA faction, said that various
proposals and observations were voiced during the discussions, it was
decided to delay adoption of the law by 60 days, for the purpose of
perfecting it.
H. Haroutiunian said that RPA will strive for introducing a clause
into that law, which will permit young, newly formed families to take
mortgage credits at discounted interest rates. Thus, the banks give
apartment credits to ordinary Armenian citizens at 12-14% interest
rate, while they will be given to young people at 6-8% interest
rate. "As early as last year I said in my speeches that Armenian
banks are engaged in robbery," H. Haroutiunian said mentioning that
in Germany, for instance, mortgage interest rate only amounts to 4%,
while Armenian banks have grown this index to tens and "have made
people be dependent on them like slaves."