YEREVAN, FEBRUARY 28, NOYAN TAPAN. By late 2007, Armeconombank envisages to increase the amount of its mortage credits to 12 million dollars, while mortgage crediting period - to 12 years instead of the current 8 years. Executive director of the bank Davit Sukiasian told this to reporters on Fevruary 27. In his words, Armeconombank will continue providing mortgage credits at 12-14% interest rate, "trying to reduce it to 12%, but no lower in the future." D. Sukiasian said that Armeconombank has no concerns that it cannot compete with commercial banks offering the lowest interest rate - 10%. "Unlike these banks, we do not charge our customers additional commissions," D. Sukiasian noted.

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