State bonds profitability reduces by 4-4,5%

YEREVAN, JANUARY 29, ARMENPRESS: The profitability of the state bonds has reduced during the last year by 4-4,5%. The Minister of Finance of the Republic of Armenia David Sargsyan told about it at the meeting with the journalists, adding that it was registered in the result of different events held after the issue of the Eurobonds.

According to the Minister, the decrease of the profitability of the bonds will have an impact on the financial deals implemented by the banking system. “I think that will have a positive impact in our financial market, especially, in the direction of the credit attraction by banks and reduction of the interest rates of the provided credits. In a short-time period maybe that will not be so visible but during the year we expect for positive progresses. In fact, by the end of the year the Ministry succeeded to essentially reduce the allocation rates of the state bonds. The process will be of continuative nature”, - said the Minister of Finance of the Republic of Armenia David Sargsyan, Armenpress reports.