ArmInfo. It is planned to double the volume of leasing operations in Armenia. The government at a meeting on February 13 approved a package of draft laws that will be submitted to the parliament in the prescribed manner. It is, in particular, about such initiatives as the law "On Banks and Banking", the Civil Code, the law "On Credit Organizations" and others.
As the Deputy Minister of Economy of the Republic of Armenia Avag Avanesyan noted in his speech, within the framework of the government initiative, it is proposed to abandon the tripartite conclusion of leasing agreements and switch to bilateral. The fact is that when the contract expires, the person who has leased the equipment has returned it to the bank that issued the loan. However, a financial institution does not have the right to further use this equipment without the appropriate permission of the owner or manufacturer. Now banks will be given the opportunity to form a secondary leasing market, and, as a result, double the volume of leasing operations.
