Procedures on getting preferential  loans simplified for law-abiding taxpayers in Armenia

ArmInfo. The State Revenue Committee of Armenia is intended to implement an institute of law-abiding taxpayers, stated Karen Karapetyan, the Armenian Prime Minister at the Government Session on November 10.

According to Minister, the main purpose of this initiative expressed by State Revenue Committee Head Vardan Harutyunyan is to implement a gradation to the taxpayers, which will make possible the further facilitation of the borrowing procedure in respect to preferential loans. "What's You opinion, Mr.  Djavadyan- will that be feasible?," Karapetyan addressed to the Chairman of the Central Bank of Armenia. Atrhur Djavadyan pelied, that an appropriate preferential system could be developed through corresponding changes in the banks regulations. "I'm confident that working with  commercial banks  we  may have positive  results and to facilitate  loans policy for  companies working transparently."

Following Central Bank of Armenia data rendered to ArmInfo by the National Committee on Statistics,  the total volume of bank loans as per October 2016 has  increased for annual 7.7%, forming  AMD 2.190 trln, within the quarterly growth of 0,9%. And without the consideration of extended and  term-exceeded loans, the credit investments of Armenian banks grew for 9,2% in annual view and for 1,6% in quarterly view, forming AMD 2.038 trln.