Armenian central bank may raise countercyclical capital buffer by 0.5%

YEREVAN, Feb 1. /ARKA/. Armenian Central Bank Chairman Martin Galstyan told journalists today that Armenia-based commercial banks are using the profits they earned last year to build up their buffers, while the Central Bank’s prudential decisions contribute to deepening this trend.

“We in the Central Bank discussed the issue of raising the countercyclical capital buffer by 0.5%. I hope we will publish this decision soon. It is currently under discussion at the Ministry of Justice,” he said.

On October 10, the Central Bank Board decided to set the countercyclical capital buffer for banks to strengthen their resilience during periods of stress at 1% of risk-weighted assets. The decision comes into force on May 1, 2023.

The volume of bank deposits grew by 43%,  Martin Galstyan said. “The number of deposits of residents grew by 29.4% and that of  non-residents by  96.3%. In terms of absolute figures, the volume of deposits of residents as of December 31, 2022 amounted to 3.379 trillion drams and those of non-residents – to 1.287 trillion drams,” Galstyan said.($1 – 396.02 drams). -0-

spot_img

POPULAR

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

Armenian dram exchange rate fell by 4.25 points, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 8, 2026, fell by 0.01 points compared to June 5, to 368.53 drams.

Inflation of 4.2% recorded in Armenia in May

In Armenia, 12-month inflation in the consumer market in May of this year amounted to 4.2%, according to a report from the Statistical Committee of Armenia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

LATEST NEWS

spot_imgspot_imgspot_img