Interest Rates Of Armenia’s Banking System Continue To Reduce

INTEREST RATES OF ARMENIA’S BANKING SYSTEM CONTINUE TO REDUCE

/PanARMENIAN.Net/
12.11.2009 20:55 GMT+04:00

/PanARMENIAN.Net/ Interest rates for credits and deposits in Armenia’s
banking system continue to reduce, Chairman of the Board of Directors
of Ameriabank and the Board of Directors of Troika Dialog Ruben
Vardanyan told journalists in Yerevan. This is a normal reaction
of any financial institution given the availability of such a great
amount of spare cash, Ruben Vardanyan said.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2009/11/13/interest-rates-of-armenias-banking-system-continue-to-reduce/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS