{"id":107818,"date":"2017-05-25T10:34:39","date_gmt":"2017-05-25T10:34:39","guid":{"rendered":"https:\/\/armbanks.am\/2017\/05\/25\/246334\/"},"modified":"2024-12-15T13:29:30","modified_gmt":"2024-12-15T13:29:30","slug":"consolidation-of-armenias-banks-has-enhanced-systems-financial-stability-and-liquidity-central-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/05\/25\/107818\/","title":{"rendered":"Consolidation of Armenia\u2019s banks has enhanced system\u2019s financial stability and liquidity \u2013 central bank"},"content":{"rendered":"<p><strong>YEREVAN, May 25. \/ARKA\/.<\/strong> The consolidation of Armenia\u2019s banks has enhanced the system\u2019s financial stability and liquidity, Andranik Grigoryan, chief of the central bank\u2019s division in charge of development of the country\u2019s financial system, told journalists on Wednesday.<\/p>\n<p>\u201cConsolidation of banks and inflow of the capital had positive impacts on the country\u2019s financial system and enhancement of its banking system\u2019s stability significantly increasing its competitiveness and room for serving the economy for long period of time,\u201d he said.<\/p>\n<p>Four consolidations of banks were registered in 2016, he said, and thanks to that only 17 commercial banks remained in the country and their regulatory capital was built up a great deal.<\/p>\n<p>The banks\u2019 aggregate capital grew 38.6%, compared with late 2014.<\/p>\n<p>Grigoryan said referring to results of stress tests that the banking sector\u2019s ability to ward off future risks has enhanced.<\/p>\n<p>Speaking about the normative indicator of banks\u2019 capital adequacy, he said it rose 3.8 percentage points to 20% by the end of the year, and normative indicators of general and current liquidity grew 4.5% and 28.4% to 32.5% and 170.8% respectively.<\/p>\n<p>Grigoryan also said that the share of nonperforming assets in the banking sector shrank as well, and thanks to that, it ended the year in an AMD 32-billion profit.<\/p>\n<p>In late 2014, the central bank raised its requirement to the size of commercial banks\u2019 capital from AMD 5 billion to AMD 30 billion prompting mergers and consolidations.<\/p>\n<p>As a result, of 21 banks only 17 remain in the country. ($1 \u2013 AMD 482.13). &#8211;0&#8212;-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consolidation of Armenia\u2019s banks has enhanced the system\u2019s financial stability and liquidity, Andranik Grigoryan, chief of the central bank\u2019s division in charge of development of the country\u2019s financial system, told journalists on Wednesday<\/p>\n","protected":false},"author":1,"featured_media":157156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,13751,14461,655],"class_list":{"0":"post-107818","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-banks","11":"tag-consolidation","12":"tag-financial-stability","13":"tag-655"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/107818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=107818"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/107818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157156"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=107818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=107818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=107818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}