Yerevan/Mediamax/. New platform of loan resources is functioning at NASDAQ OMX Armenia Stock Exchange starting today.

Mediamax reports that Armenian commercial banks are participants of the given platform. They will be able to “play” on the Exchange each workday from 11:00 to 15:00.

According to Stock Exchange Director Armen Melikyan, the platform of loan resources is a new financial tool, which opens new opportunities for commercial banks for attracting additional loan means.

Head of Monetary-Credit Operations Division of the Armenian Central Bank’s Financial Department Arman Potikyan noted that the CB will secure realization of deals on the Stock Exchange, but the deals themselves will be concluded by banks among each other.

Commercial banks will be able to provide each other loans at lower interest rates, as compared to ones, provided by the Central Bank. Thus, today 5 applications were registered at the platform as of 12:00. The average interest rate made 9%, while the interest rate on lombard REPOs of CB makes 11.5%.

“This is also an AMD tool and an element of struggle against dollarization in the financial market of the country”, Arman Potikyan stated.

The minimum sum of the deal at the platform makes 10mln AMD.