YEREVAN. – Confidence in providing business loans is being restored among banks in Armenia, said Aram Kayfajyan, the head of an investment company, speaking with Armenian News-NEWS.am.
In his words, despite the easing monetary conditions, the liquidity accumulated in banks has not gone to the real sector.
As per Kayfajyan, the reason is Russia’s economic difficulties, which reflect also on Armenia’s economy and its banking sector.
Even though the funds have not reached the real sector, ...
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