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Liquidity Of Armenian Banks Exceed Central Bank's Requirements

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  • Liquidity Of Armenian Banks Exceed Central Bank's Requirements

    LIQUIDITY OF ARMENIAN BANKS EXCEED CENTRAL BANK'S REQUIREMENTS

    ARKA
    Nov 25, 2008

    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).
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