{"id":250737,"date":"2023-02-01T07:59:07","date_gmt":"2023-02-01T07:59:07","guid":{"rendered":"https:\/\/armbanks.am\/2023\/02\/01\/250737\/"},"modified":"2023-02-01T07:59:07","modified_gmt":"2023-02-01T07:59:07","slug":"armenian-central-bank-may-raise-countercyclical-capital-buffer-by-0-5","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/02\/01\/250737\/","title":{"rendered":"Armenian central bank may raise countercyclical capital buffer by 0.5%"},"content":{"rendered":"\n<p><strong>YEREVAN, Feb 1. \/ARKA\/.<\/strong> 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\u2019s prudential decisions contribute to deepening this trend.<\/p>\n\n\n\n<p>&#8220;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,&#8221; he said.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The volume of bank deposits grew by 43%,&nbsp;&nbsp;Martin Galstyan said. &#8220;The number of deposits of residents grew by 29.4% and that of&nbsp;&nbsp;non-residents by&nbsp;&nbsp;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 \u2013 to 1.287 trillion drams,&#8221; Galstyan said.($1 &#8211; 396.02 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s prudential decisions contribute to deepening this trend<\/p>\n","protected":false},"author":1,"featured_media":197625,"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-250737","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\/250737","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=250737"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/197625"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}