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UNIBANK'S ATAYAN OUTLINES BANKING SYSTEM
CISTran Finance
March 5 2015
March 5, 2015 7:30 AM
By CISTran Finance Reports
In an interview with 168 Hours on Tuesday, Chairman of the Board of
Armenian UniBank, Vartan Atayan, discussed the banking system and
other system-related topics.
He stated that in 2014 the system saw tension from sources abroad,
primarily in Russia. With interventions that were made by the Central
Bank, he states that the system was able to restabilize.
A concern that the interviewer voiced was the potential closing of
banks that could not meet increased capital requirements. He stated
that this can be avoided if shareholders step in or if mergers take
place. From his perspective and that of UniBank, these measures aim
to strengthen the national banking system and the nation's currency.
Atayan noted that stringency on the market will cause Armenian banks
to meet international quality standards.
He clarified that the business loan interests rates, which were
increased, would be a temporary measure; he also pointed out that
increases in capital will mitigate the need for increased rates.
http://cistranfinance.com/news/unibanks-atayan-outlines-banking-system/6372/
CISTran Finance
March 5 2015
March 5, 2015 7:30 AM
By CISTran Finance Reports
In an interview with 168 Hours on Tuesday, Chairman of the Board of
Armenian UniBank, Vartan Atayan, discussed the banking system and
other system-related topics.
He stated that in 2014 the system saw tension from sources abroad,
primarily in Russia. With interventions that were made by the Central
Bank, he states that the system was able to restabilize.
A concern that the interviewer voiced was the potential closing of
banks that could not meet increased capital requirements. He stated
that this can be avoided if shareholders step in or if mergers take
place. From his perspective and that of UniBank, these measures aim
to strengthen the national banking system and the nation's currency.
Atayan noted that stringency on the market will cause Armenian banks
to meet international quality standards.
He clarified that the business loan interests rates, which were
increased, would be a temporary measure; he also pointed out that
increases in capital will mitigate the need for increased rates.
http://cistranfinance.com/news/unibanks-atayan-outlines-banking-system/6372/