EN
5 May 2009 - 16:08 AMT

CBA does not interfere with commercial banks’ credit policy

Banks are interested in working with solvent clients, CBA Chairman Arthur Javadyan told a news conference in Yerevan. “Banks today wish to work with so-called “healthy” clients,” he said.

According to CBA Chairman, if banks change crediting terms for clients who had credit coverage issues in past, they’ll find themselves in a difficult situation. “This might bring to credit write off delays,” Javadyan noted.

“CBA does not interfere with commercial banks’ credit policy. International experience proved such interferences as totally unfounded,” CBA Chairman added.