Household debt levels exaggerated – Tosunyan

10.09.2014 15:27
Household debt levels exaggerated – Tosunyan

YEREVAN, September 10. /ARKA/. Reports of household debt loads are exaggerated, president of Association of Russian Banks Garegin Tosunyan said at presenting an analysis of debt loads of Russian borrowers, banki.ru reported.

In general, the market rather lacks loans than is overloaded with debts, according to Tosunyan.

“I believe we should think more about dystrophy of the lending market, including consumer loans, than about alleged excessive debts, and should not be threatening Western crises”, Tosunyan said. N.V. --0--


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