Liquidity of Armenian banks exceed central bank’s requirements
26.11.2008,
00:44
Liquidity standards of Armenian banks are considerably in excess of the requirements set by the Central Bank, Chairman of the Central Bank of Armenia (CBA) Artur Javadyan told journalists Tuesday.
YEREVAN, November 25. /ARKA/. Liquidity standards of Armenian banks are considerably in excess of the requirements set by the Central Bank, Chairman of the Central Bank of Armenia (CBA) Artur Javadyan told journalists Tuesday.
In particular, general liquidity standards of Armenian banks average 24-25% (with the CBA requirement at 15%) and the current liquidity is an average of 93-94% (with the CBA requirement at 60%).
Liquidity of Armenian banks is sufficient and attraction of foreign loans is just a means of support in resisting the further effects of the world financial crisis, Javadyan said.
Today 22 commercial banks with 367 branches operate in Armenia. Total assets of Armenia’s banking system had amounted to 954.1bln Drams by the end of September this year with total capital and liabilities amounting to 214.9bln Drams and 739.2bln Drams respectively. ($1=$305.59Drams). –0—
In particular, general liquidity standards of Armenian banks average 24-25% (with the CBA requirement at 15%) and the current liquidity is an average of 93-94% (with the CBA requirement at 60%).
Liquidity of Armenian banks is sufficient and attraction of foreign loans is just a means of support in resisting the further effects of the world financial crisis, Javadyan said.
Today 22 commercial banks with 367 branches operate in Armenia. Total assets of Armenia’s banking system had amounted to 954.1bln Drams by the end of September this year with total capital and liabilities amounting to 214.9bln Drams and 739.2bln Drams respectively. ($1=$305.59Drams). –0—
