News Column

Armenia : Ameriabank may provide up to $80 million loans a month

May 7, 2014

Ameriabank is able to provide up to $80 million worth loans a month, but Armenia's economy is not ready for this amount, the bank s financial director, Gevorg Tarumyan, told a news conference today.

"Our current liquidity is over $80 million. This enables us to provide from $30 million to $80 million worth loans a month but Armenia's economy is not ready to digest this amount. This is a problem for other local banks as well, he said.

According to him, the problem today is attracting good borrowers.

Ameriabank is a universal bank providing investment, corporate and retail banking services in the form of an integrated package of banking solutions. ($ 1 - 413.10 drams).

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Source: TendersInfo (India)

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