← Request #3967
Routing →
05 low bank deposit insurance limits and restricted loan access with high interest rates for foreigners
What the citizen said
«If Armenia wants investors to come and invest they must feel secure with their money banks in Armenia only insure $10,000 dollars. And also foreigners need to be able to get access to loans like locals with normal interest rates in Armenia average loan in over 10%»
What Lsum understood
low bank deposit insurance limits and restricted loan access with high interest rates for foreigners
Topic
Finance, banking, and insurance → Banking, payments, and transfers
Affected group
- Businesses · Borrowers / debtors — foreign investors and borrowers
Citizen wants
Increase bank deposit insurance limits and provide foreigners with fair access to loans at reasonable interest rates
Citizen proposed solution
No solution proposed.
Locations
- Armenia · Issue location