ARMENIA’S BANKING SYSTEM STABLE
The Messenger, Georgia
May 21 2014
By Messenger Staff
Wednesday, May 21
According to the Central Bank of Armenia (CBA), the country’s banking
system is stable. The interest rates for the loans have gone down. The
terms have become more convenient for the borrowers to pay back.
President of the CBA Artur Javadyan informed the parliament about these
novelties. Javadyan supported the initiative according to which the
number of money exchange offices should be decreased as they serve
the shadow economy.
From: Baghdasarian
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