{"id":11741,"date":"2010-06-01T10:28:39","date_gmt":"2010-06-01T10:28:39","guid":{"rendered":"https:\/\/armbanks.am\/2010\/06\/01\/231092\/"},"modified":"2024-12-15T12:47:20","modified_gmt":"2024-12-15T12:47:20","slug":"araratbank-ceo-predicts-lowering-interest-rates-fro-loans-and-deposits-in-usd","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/06\/01\/11741\/","title":{"rendered":"Araratbank ceo predicts lowering interest rates fro loans and deposits in USD"},"content":{"rendered":"<p><strong>YEREVAN, June 1, \/ARKA\/.<\/strong> Chief executive officer of Armenian privately-owned Araratbank, Ashot Osipyan, said Monday the interest rate for loans and bank deposits in US Dollars will be lowering.<\/p>\n<p>Speaking to journalists after an annual meeting of the bank\u2019s shareholders, he described the current refinancing rate as \u2018optimal.\u2019 He also predicted a full-year inflation rate of 5-7%. According to government data, the inflation in May rose by 1% from April.<\/p>\n<p>Araratbank focuses primarily on micro, small and medium-sized enterprises and retail clients. A 74.1% stake in the bank is owned by Barsegh Beglarian, the owner of Flash petrol trader. EBRD holds 25% plus one share.<\/p>\n<p>According to ARKAs data, on March 31 Araratbank\u2019s assets stood at 41.2 billion Drams, liabilities-at 33 billion Drams, its total capital was worth 8.3 billion Drams, chartered capital was worth 6.1 billion Drams, credit investments-18.9 billion Drams. In the first quarter of this year it earned 304 million Drams in net profits. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief executive officer of Armenian privately-owned Araratbank, Ashot Osipyan, said Monday the interest rate for loans and bank deposits in US Dollars will be lowering.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12159,9216],"tags":[12162,12164,12444],"class_list":{"0":"post-11741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-exchange-market","7":"category-news","8":"tag-araratbank","9":"tag-deposits","10":"tag-rates"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/11741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=11741"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/11741\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=11741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=11741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=11741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}