YEREVAN. - The reasons for Armenian Minister of Agriculture Sergo Karapetyan’s discontent are unclear, Ashot Osipyan, Chairman of the Union of Banks of Armenia told journalists on Wednesday.

Osipyan replied to Minister Karapetyan’s recent statement in Armenian parliament. The minister was critical of banks for delaying agricultural loans.

“The problem will be resolved quickly. We need to work rather than make statements,” Osipyan said. “It is incorrect to make statements during negotiations.”

The Chairman of Garny Invest lending agency Bagrat Asatryan also expressed his support to Osipyan. One does not have to wait until April to understand the need for spring sowing, he said. Asatryan stressed that his lending agency will not issue agricultural loans.

“Money goes where it feel well. The village is not the right place,” Asatryan added.

Armenian President Serzh Sargsyan ordered the Chairman of the Central Bank of Armenia (CBA) Artur Javadyan to take measures to made agricultural loans affordable.