{"id":36150,"date":"2012-04-19T09:15:47","date_gmt":"2012-04-19T09:15:47","guid":{"rendered":"https:\/\/armbanks.am\/2012\/04\/19\/235344\/"},"modified":"2024-12-15T12:56:47","modified_gmt":"2024-12-15T12:56:47","slug":"armenian-banks-should-focus-on-amd-lending-union-of-banks-head","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/04\/19\/36150\/","title":{"rendered":"Armenian banks should focus on AMD lending,: Union of Banks Head"},"content":{"rendered":"<p><strong>YEREVAN, April 19. \/ARKA\/.<\/strong> Armenian banks should focus on lending in Armenian dram due to high currency risk raised by national currency devaluation, the head of Armenia\u2019s Union of Banks Ashot Osipyan says.<\/p>\n<p>\u201cBearing in mind a high exchange rate risk caused by the devaluation of the national currency, Armenian banks should be pretty circumspect today. It is necessary to do everything possible to make lending in drams,\u201d Osipyan said in the interview with ARKA agency.<\/p>\n<p>Osipyan added that they have all preconditions required for fostering growth in AMD lending.<\/p>\n<p>\u201cIn Armenia there are different international programs, as those of World Bank, EBDR, IFC, KfW and some of them are considering possibilities to develop some mechanisms for lending in drams,\u201d he clarified.<\/p>\n<p>Osipyan also added that the banks may face increase in interest rates on AMD deposits and decrease on those in USD, as well as a larger number of USD deposits over those in AMD if Armenian dram continues devaluating.<\/p>\n<p>According to Armenia\u2019s National Statistical Service, exchange rate of Armenian dram rose by 0.3% over U.S. dollar at 0.9% tumble in consumer prices in February from January of this year.<\/p>\n<p>There are currently 21 commercial banks in Armenia. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian banks should focus on lending in Armenian dram due to high currency risk raised by national currency devaluation.<\/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":[9214,9216],"tags":[15837,12163,309],"class_list":{"0":"post-36150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-banks","10":"tag-309"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/36150","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=36150"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/36150\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=36150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=36150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=36150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}