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Declining trend in interest rates in Armenia due to high liquidity of banks – Ameriabank

YEREVAN, June 10. / ARKA /. The declining trend in interest rates on foreign currency loans is due to high liquidity of the banking system of Armenia, CEO-Chairman of the Directorate of CJSC Ameriabank Artak Hanesyan said on Wednesday.

“It is not associated with the fall of the euro or ruble, but is due to the high liquidity in the banking system,” he said.

According to Hanesyan, now banks are actively implementing credit programs, which lead to lower interest rates on foreign currency loans. At the same time, he says, the rates on the Armenian dram still remain at the same level.

Ameriabank closed joint stock company is an investment bank offering corporate, investments and other retail services in a complex package.

Ruben Vardanyan is the Chairman of the bank’s Board of Directors and Artak Hanesyan is the Chairman of Directorate and the General Director.

“Troyka Dialogue”, one of the biggest Russian investment-banking companies, is a strategic partner of Ameriabank.-0-

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