{"id":79788,"date":"2014-09-25T16:03:03","date_gmt":"2014-09-25T16:03:03","guid":{"rendered":"https:\/\/armbanks.am\/2014\/09\/25\/241498\/"},"modified":"2024-12-15T13:13:36","modified_gmt":"2024-12-15T13:13:36","slug":"new-banks-in-armenia-may-be-obliged-to-operate-only-as-open-joint-stock-companies","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/09\/25\/79788\/","title":{"rendered":"New banks in Armenia may be obliged to operate only as open joint stock companies"},"content":{"rendered":"<p><strong>YEREVAN, September 25. \/ARKA\/.<\/strong> At its today\u2019s session, the Armenian government has found a proposal by MP Hrant Bagratyan to transform all the banks operating in Armenia into open joint stock companies for ensuring transparency to their activities not reasonable, deputy finance minister Safaryan\u00a0said.<\/p>\n<p>\u201cWe find this initiative not reasonable, since the latest amendments to the law on banks and banking activity have solved all the transparency-related problems in accordance with international norms,\u201d Safaryan said.<\/p>\n<p>Nevertheless, he said the government and the central bank may discuss Bagratyan\u2019s proposal that all new banks that may be established in Armenia should operate only as open joint stock companies.<\/p>\n<p>Twenty one commercial banks and the All-Armenian Bank function in Armenia now. Their assets totaled AMD 2916.7 billion in Jan-June 2014 after shrinking 0.74% since the beginning of the year. Their aggregate liabilities amounted to AMD 2429.6 billion (1.61% decline) and their capital to AMD 487.1 billion (3.85% growth). ($1 \u2013 AMD 406.8). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At its today\u2019s session, the Armenian government has found a proposal by MP Hrant Bagratyan to transform all the banks operating in Armenia into open joint stock companies for ensuring transparency to their activities not reasonable, deputy finance minister Safaryan said<\/p>\n","protected":false},"author":1,"featured_media":157200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15418,13735],"class_list":["post-79788","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-armenia-2","tag-bank-en-2","tag-stock-companies"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"At its today\u2019s session, the Armenian government has found a proposal by MP Hrant Bagratyan to transform all the banks operating in Armenia into open joint stock companies for ensuring transparency to their activities not reasonable, deputy finance minister Safaryan said\" \/>\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,bank @en,stock companies\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2014\/09\/25\/79788\/\" \/>\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=\"New banks in Armenia may be obliged to operate only as open joint stock companies - 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