{"id":104479,"date":"2016-12-22T11:09:42","date_gmt":"2016-12-22T11:09:42","guid":{"rendered":"https:\/\/armbanks.am\/2016\/12\/22\/245697\/"},"modified":"2024-12-15T13:27:08","modified_gmt":"2024-12-15T13:27:08","slug":"second-wave-of-banks-mergers-expected-in-armenia-banker","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/12\/22\/104479\/","title":{"rendered":"Second wave of banks\u2019 mergers expected in Armenia &#8211; banker"},"content":{"rendered":"<p><strong>YEREVAN, December 22. \/ARKA\/.<\/strong> The second wave of banks\u2019 mergers is expected in Armenia, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday.<\/p>\n<p>In late 2014, the Central Bank of Armenia obliged commercial banks to have the capital amounting at least to AMD 30 billion (the current requirement is AMD 5 billion). The new requirement comes into force on January 1, 2017.<\/p>\n<p>To comply with the regulator\u2019s requirement, banks in Armenia started replenishing their capital.<\/p>\n<p>Some banks merged. As a result, of 21 banks, only 17 remained.<\/p>\n<p>\u201cThe first round of mergers has already completed, and now we expect the second round,\u201d Osipyan said. \u201cThis is a normal phenomenon in the banking system integration.\u201d<\/p>\n<p>In his opinion, no more than 10 or 11 banks should operate in Armenia. Pointing out Baltic countries as an example, he said that there are eight to ten banks in each of them.<\/p>\n<p>Osipyan said the number of banks\u2019 branches is growing in Armenia, but he thinks this process will slow down because of introduction of e-banking services. The same is going on in Europe. &#8211;0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second wave of banks\u2019 mergers is expected in Armenia, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday<\/p>\n","protected":false},"author":1,"featured_media":176670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,14344,14345,309],"class_list":["post-104479","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-armenia-2","tag-ashot-osipayn","tag-banks-merge","tag-309"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"The second wave of banks\u2019 mergers is expected in Armenia, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia,ashot osipayn,banks merge,\u0431\u0430\u043d\u043a\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2016\/12\/22\/104479\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.9\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Second wave of banks\u2019 mergers expected in Armenia \u2013 banker - 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