YEREVAN, April 11. /ARKA/. Artur Harutyunyan, a lawyer from the Center for Development and Legal Studies, urged the government on Wednesday to draft a legislation that would set maximum permissible amount of interest rates and commission fees on loans. Unveiling the findings of a study that looked into this issue, he said it analyzes the lending legislation and the problems in this area from the point of view of the protection of human rights.

Harutyunyan said the study asks whether it is necessary to establish a ceiling for interest rates on loans issued by banks and credit organizations and whether the size of fines and penalties on overdue loans should be restricted as well.

Categories: 121, 144, General news, News of the hour | Comments Off on Study urges government to set maximum permissible amount of interest rates on loans

Tags: Armenia, RATES

Read more

The Armenian government is preparing unprecedented mortgage rates for the social housing program, designed for young families, Armenian Prime Minister Nikol Pashinyan said during a live Facebook broadcast on late evening on September 2

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Armenian government to cut rates on mortgage loans

Tags: Armenia, government, MORTGAGE LOANS, RATES

Read more

Unibank has improved terms on mortgage loans by downing interest rates on a number of lending products, the press office of the bank reported on Wednesday

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Unibank downs rates on mortgage loans

Tags: MORTGAGE LOANS, RATES, Unibank

Read more

VTB Bank (Armenia) has once again reduced effective rates on installment loans, offering its clients loans not only with lower interest rates, but also with reduced commissions

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on VTB Bank (Armenia) reduces rates on installment loans

Tags: installment loans, RATES, VTB Bank (Armenia)

Read more

Interest rates on deposits in USD offered by Armenia-based commercial banks are significantly lower than the rates on deposits in the national currency, the dram. According to the Central Bank

Categories: Announces, Banks @en, General news, News, News of the hour, Ratings, Новости | Comments Off on Ranking of Armenian banks with highest interest rates on deposits

Tags: Armenia, Banks, Deposits, RATES

Read more

Interest rates on loans in Armenia have decreased by approximately 4-5% in recent years, the deputy chairman of the Central Bank Nerses Yeritsyan told the parliament today

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Interest rates on loans in Armenia decreased by approximately 4-5% in recent years

Tags: Armenia, RATES, recent

Read more

Interest rates on term and demand deposits in Armenia-based commercial banks continue to decline, according to the Central Bank

Categories: Banks @en, General news, News, News of the hour | Comments Off on Rates on deposits continue to drop in Armenia

Tags: Armenia, Deposits, RATES

Read more

VTB Bank (Armenia) said today that customers who will sign insurance contracts against accidents along with signing loan contracts called «Universal” without collateral or gold-secured loans, will be provided with 1-1.5% discount on loan rates

Categories: Banks @en, General news, News, News of the hour | Comments Off on VTB Bank (Armenia) offers 1-1.5% discount on loan rates

Tags: LOAN, offer, RATES, VTB Bank (Armenia)

Read more

Armenian commercial banks’ short-term and long-term interest rates on deposits and loans in the Armenian national currency

Categories: Banks @en, General news, News, News of the hour | Comments Off on Short-term and long-term interest rates on deposits and loans in national currency dropped in April

Tags: Armenia, Banks, Deposits, RATES

Read more

The adjustment of the exchange rate of the national currency, the dram, will increase inflationary pressure by 1.5%-2% in the current quarter, Central Bank chairman Artur Javadyan said today

Categories: Banks @en, Exchange market, General news, News, News of the hour | Comments Off on Adjustment of dram’s exchange rate to cause additional inflationary pressure of 1.5%-2% - Central Bank chairman

Tags: Armenia, Central Bank, RATES

Read more