{"id":150572,"date":"2023-09-13T09:39:24","date_gmt":"2023-09-13T09:39:24","guid":{"rendered":"https:\/\/armbanks.am\/2023\/09\/13\/251083\/"},"modified":"2024-12-15T13:52:19","modified_gmt":"2024-12-15T13:52:19","slug":"central-bank-of-armenia-ready-to-take-measures-to-curb-overheating-in-mortgage-market-galstyan","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/09\/13\/150572\/","title":{"rendered":"Central Bank of Armenia ready to take measures to curb &#8220;overheating&#8221; in mortgage market &#8211; Galstyan"},"content":{"rendered":"\n<p><strong>YEREVAN, September 12. \/ARKA\/. <\/strong>The Central Bank of Armenia is ready to apply macroprudential tools to curb &#8220;overheating&#8221; in the mortgage market, the head of the regulator Martin Galstyan told a press conference today.<\/p>\n\n\n\n<p>&#8220;In the Financial Stability Report we included certain statements related to possible risks regarding housing prices. At the moment, we see some growth: in July, house prices in Armenia rose by 1.1% versus an 8.8% increase in July last year. We have somewhat tightened LTV (loan-to-value) macroprudential instrument. In addition, in August the requirement of countercyclical buffer (capital) with a total value of about 150 basis points came into force &#8211; we are talking about the capital of the banking system of about AMD 90 billion,&#8221; he said.<\/p>\n\n\n\n<p>Galstyan noted that if the regulator records consistent \u00aboverheating&#8221; in this market, it will consider the issue using macroprudential tools.<\/p>\n\n\n\n<p>On July 25, 2023, an Armenian Central Bank decided to leave&nbsp;the&nbsp;anti-cyclical capital buffet (ACB) unchanged at 1.5%. As of August 1 of this year, banks must meet the 1.5% ACB&nbsp;requirement.<\/p>\n\n\n\n<p>In an August study the S&amp;P Global Ratings noted that Armenia&#8217;s banking sector appears well capitalized, profitable and liquid, but risks remain around the mortgage market, which has grown by about 30% over the past year along with rising housing prices. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Armenia is ready to apply macroprudential tools to curb &#8220;overheating&#8221; in the mortgage market, the head of the regulator Martin Galstyan told a press conference today<\/p>\n","protected":false},"author":1,"featured_media":197132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-150572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/150572","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=150572"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/150572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/197132"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=150572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=150572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=150572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}