YEREVAN, March 21, /ARKA/. The chairman of the Central Bank of Armenia Artur Javadyan unveiled today some details of a set of projects designed to improve the financial literacy of citizens. Speaking at a recurrent government meeting he also touched on the issue of high interest rates demanded by banks on loans.

“We are carrying out numerous projects, designed to raise the financial literacy of citizens. Currently we are working with the Ministry of Education and Science to embrace as many schoolchildren as possible. We have also trained a large number of school teachers who can share the knowledge they acquired with their students,” he said.

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Armenian Central Bank chairman explains why interest rates on loan may reach 50-100%

Tags: Armenia, LOAN

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Inecobank has received a USD 15-million subordinated loan from Blue Orchard Microfinance Fund international financial organization

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Tags: Blue Orchard, Inecobank, LOAN, Microfinance Fund

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In tune with its strategy of providing loans on the best terms, the VTB Bank (Armenia) has announced today a New Year lending campaign with lower effective interest rates, saying in a press release that the loans are to be secured by gold items

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Tags: LOAN, New Year, offer, VTB Bank (Armenia)

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Unibank’s automated processing of applications for unsecured loans to the tune of up to 2 million drams sought by microbusiness allows it to make loan decisions in minutes

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Tags: LOAN, micro businesses, Unibank

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VTB Bank (Armenia), in an effort to ease their financial burden connected with New Year expenses, offers again its usual annual product ‘New Year Loan’

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Tags: campaign, LOAN, New Year, VTB Bank (Armenia)

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The Asian Development Bank (ADB) said today it has approved a $50 million policy-based loan as part of an ongoing program of financial reforms to strengthen public debt and fiscal risk management and develop financial markets in Armenia

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Tags: ADB, Armenia, financial markets, LOAN

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Loan books and deposit bases at banks in Russia and other members of the Commonwealth of Independent States (CIS) will continue to be highly concentrated on a small group of large corporates

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Tags: Banks, CIS, LOAN, Moody's

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The Yerevan-based VTB Bank (Armenia) said today it has launched a new program designed for refinancing / repurchasing mortgage loans from other banks and credit institutions

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Tags: LOAN, Mortgage, REFINANCING, repurchasing, VTB Bank (Armenia)

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Unibank, in partnership with Stiegen, renewable energy company, offers a new loan called Solar Energy, the bank’s press office reported on Thursday

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Tags: Armenia, LOAN, offer, SME, solar energy, Unibank

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The Yerevan-based Araratbank and the Eurasian Development Bank (EDB) signed a $6 million loan agreement today. The loan will be on-lent as micro loans to small and medium-sized businesses in Armenia

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Eurasian development bank and Armenian Araratbank sign $6 million loan agreement

Tags: AGREEMENT, Araratbank, Armenia, EDB, LOAN

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