Sat, 25 October
14.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Armenian CB defined economic normative of currency position for commercial banks

YEREVAN, October 21. /ARKA/. The Board of Central Bank of Armenia defined six-months special economic normative of currency position for commercial banks.

Press service of CB informed that the normative includes two components – maximum ratio between long position of the bank by each currency and its total capital and maximum ratio of the sum of long position of the bank by all currencies and its total capital.

By the decision of the Board of CB maximum size of these components is defined on the level of 7% and 10% accordingly. The normative will be accounted on a daily basis. The new normative will enter into force from October 26, 2009 and the decision of CB will be effective till April 26, 2010. —0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img