ACBA-CREDIT AGRICOLE BANK revises its credit policy. The Bank’s Chief executive officer Hakob Andreasyan mentioned this during the meeting with the businessman that took place in the Bank’s Lori branch. The governor of Lori region Artur Nalbandyan, as well as regional and community representatives were also present at the discussion.
“We have avoided providing large loans; we have cleared and restored our portfolio. This is a unique thing in the banking system, and we took that step as we are lead with the principles of responsible business. On the other hand, the amendment projects presented during the meetings with the government representatives and international institutions in the recent months are really impressive. Taking into consideration these circumstances, the bank board has discussed and decided that from now on we are ready to provide comparatively larger loans to interesting and promising projects. We have been receiving positive signs from the business spheres for months already, and soon we expect to witness noticeable changes in the investment field. This is our step aiming at taking part in the process of amendments”,- said the Chief executive officer of ACBA-CREDIT AGRICOLE BANK.
Thus, ACBA-CREDIT AGRICOLE BANK offers cooperation to all the sides interested in the implementation of prospective projects. The interest rates and periods of the loans will firstly depend on the financial evaluation of the projects and from the multi-influence effect. As a tool to decrease the interest rates the perspective of package offers will also be considered by presenting a broader list of the products offered by the bank.