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Time in Yerevan: 11:07,   29 March 2024

Banking system in Armenia remains stable

Banking system in Armenia remains stable

YEREVAN, SEPTEMBER 30, ARMENPRESS. There has been quite positive progress in Armenia’s banking system during 2016, such as changes in asset quality and results of the Central Bank’s regulations, Andranik Grigoryan – head of the Financial System stability and development department of the CB told reporters on September 30.

“The banking system in Armenia remains stable, we have growth in loans and deposits. The fact that we have deposit growth from both individuals and legal entities is positive. The growth of deposits from individuals in AMD and foreign currency proves that public trust towards the banking system has grown”, he said.

He added that there is positive growth regarding assets and especially loans as well.

According to him, consumer, mortgage and business loans have big diversification.

Regarding issues related to the capital in banking system, Grigoryan said serious works are ongoing to replenish the capital. 








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