ACBA-CREDIT AGRICOLE BANK will not unilaterally raise interest rates on previously issued loans
13.08.2015,
17:35
ACBA-CREDIT AGRICOLE BANK has not raised and will not unilaterally raise interest rates on previously issued loans, according to a press release the bank provided to ARKA news agency.
YEREVAN, August 13. / ARKA /. ACBA-CREDIT AGRICOLE BANK has not raised and will not unilaterally raise interest rates on previously issued loans, according to a press release the bank provided to ARKA news agency.
"According to circulating rumors, Armenian commercial banks are unilaterally raising interest rates on previously issued loans. ACBA-CREDIT AGRICOLE BANK officially states that it has never used such a practice and will not use," the bank said.
"The interest rate on previously issued loans is a rate fixed in the loan agreement signed on the basis of an accord reached in advance, and it can not be revised unilaterally under any circumstance," the bank stressed, urging its customers to report any such information to the bank by calling 31-88-78.
ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-
"According to circulating rumors, Armenian commercial banks are unilaterally raising interest rates on previously issued loans. ACBA-CREDIT AGRICOLE BANK officially states that it has never used such a practice and will not use," the bank said.
"The interest rate on previously issued loans is a rate fixed in the loan agreement signed on the basis of an accord reached in advance, and it can not be revised unilaterally under any circumstance," the bank stressed, urging its customers to report any such information to the bank by calling 31-88-78.
ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-
