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Armenian central bank concerned over fast growth of consumer loans portfolio

15.11.2019 17:15

Armenian central bank concerned over fast growth of consumer loans portfolio

YEREVAN, November 15. /ARKA/. The Central Bank of Armenia is concerned over the fast growth of consumer loans portfolio, Arthur Javadyan, the chairman of the regulator said on Thursday during discussion of the 2020 draft government budget at a regular cabinet meeting.

"We are now thinking over the growth slowdown, not over freezing these loans, and therefore we are planning stricter loan-to-salary criteria," he said.

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