Yerevan /Mediamax/. Armenian government approved a package of legislative changes, aiming at creating a new financial instrument to increase capital of commercial and financial organizations.

Mediamax reports that today at the session of the government the Deputy Chairman of the Central Bank (CB) of Armenia Vache Gabrielyan stated that the given changes will allow creating an opportunity to attract subordinate loans. According to him, the given mechanism is a more efficient and speedy means to attract additional capital than the increase of the authorized capital stock.

Subordinate loans are means, provided to the borrower for the term of over 10 years to increase circulating capital.