CBA chairman says Armenia’s financial situation stable

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30.10.2008, 02:21

Armenia’s financial situation is stable, Chairman of the Central Bank of Armenia (CBA) Arthur Javadyan today told journalists, underlining excess liquidity and capitalization of local banks.

YEREVAN, October 29. /ARKA/. Armenia’s financial situation is stable, Chairman of the Central Bank of Armenia (CBA) Arthur Javadyan today told journalists, underlining excess liquidity and capitalization of local banks.

Armenia has not felt the bites of the global financial crisis yet, according to the CBA Chairman.

“We have prepared to fight the crisis, and we are planning to make precautions against the global tailspin,” Javadyan added. The CBA Chairman said foreign investments in Armenia would bring a considerable profit. Z. Sh.—0--

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