Sat, 5 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Liquidity of Armenian banks significantly exceeds the regulatory requirements of Central Bank

YEREVAN, September 8. /ARKA/. The liquidity of Armenian banks significantly exceeds the regulatory requirements of the Central Bank, Chairman of the Central Bank  Martin Galstyan told reporters on Tuesday.

According to him, today the banking sector’s capital adequacy ratio is 17.2%, well above the required 12%.

He said the figure does  not include the risks that have accumulated as a result of the three-month“ credit holiday”. At the same time, the absolute capital index is about 900 billion drams, Galstyan said.

As for the ratio of liquid funds to assets, it is now 26.6%, while the standard figure is 15%.

“The ratio of highly liquid assets to liquid liabilities is 60%, and the figure of the banks are twice as high. This means that  the Armenian banks’ liquid assets are much higher than the requirements of the Central Bank,” Galstyan said.

At the same time, he noted that the Central Bank has already softened the standard of proportionality of fixed capital, reducing it from the originally  planned 10%  to 9%. It is  also considering the possibility of reducing the standard of proportionality of capital from the current 12%.

According to him, the banks were given appropriate impulses to use the existing capital buffers and continue lending.

He stressed that the Central Bank announced its readiness to provide the necessary liquidity to the banking system, and since March there has been no case when the financial system asked for  liquidity and the Central Bank did not y provide it.

Today there are 17 commercial banks in Armenia. ($ 1 – 488.12 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img