ArmInfo. In 2015-2017, the Central Bank of Armenia revised the refinancing rate 14 times (reducing it from 10.5% to 6% - editor's notes), which led to a decrease in the credit interest rate by 4% (to 11% - Ed.).
This was announced during the parliamentary hearings on May 29 by CBA Chairman Artur Javadyan. <Beginning from the middle of 2015, the Central Bank did not raise the refinancing rate, but on the contrary reduced it for a number of reasons, and left it at the same level several times. And it gave its visible results, in particular, last year the loan portfolio grew by 20%, "he said. Speaking about the first results of the current year, Javadyan noted that for the first quarter the volume of lending increased by 3.5%. At the moment, the loan portfolio is 2.664 trillion. AMD 549 billion or 21% on consumer loans, 500 billion AMD (20%) for financing the industrial sector, 420 billion AMD (15%) for transport, communications and IT, 228 for public catering and services billion AMD (about 10%), the construction sector - 150 billion AMD (6-7%), the agricultural sector - 130 billion. AMD (5%). <The mortgage portfolio amounted to 211 billion AMD. This is a very impressive figure, considering that we started mortgage lending a few years ago, "Javadyan To other spheres of the economy it was necessary about 219 billion AMD. At the same time, A. Javadyan drew attention to the fact that recently there has been a tendency to increase the maturity of loans, in particular, through mortgage deals. "Under the mortgage, we already have refinanced loans with a maturity of up to 20 years," he concluded.
