YEREVAN, December 2. /ARKA/. Prime Minister Nikol Pashinyan received Amber Capital Directors Camilio Azuz and Anushavan Simonyan on Friday, the press office of the Armenian government reports. Amber Capital is the founder of the first private equity investment fund in Armenia.

Issues related to the development of bilateral cooperation were discussed at the meeting. The top executives of Amber Capital presented to the prime minister the spheres of interest for the fund’s activity, investment programs and the amounts invested so far. They expressed interest in starting their company’s operations in Armenia’s capital market.

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Lenders in Armenia will be not allowed to change the interest rate mentioned in the contract more than twice a year, Armenian Deputy Finance Minister Pavel Safaryan said Thursday at a regular Cabinet meeting where the ministers approved the National Assembly’s proposal to amend the country’s civil code and consumer lending law

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Armenian commercial banks’ interest spread has increased 1.37 percentage points since the beginning of this year reaching 7% in May, the National Statistical Service reports

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Osipyan: Interest rates on loans in Armenia to continue their downward motion.

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Valery Ovsyannikov, director general of VTB Bank (Armenia) said the bank can’t run the risk of lowering interest rates on loans.

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The declining trend in interest rates on foreign currency loans is due to high liquidity of the banking system of Armenia, CEO-Chairman of the Directorate of CJSC Ameriabank Artak Hanesyan said on Wednesday.

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