{"id":98116,"date":"2016-05-19T10:47:47","date_gmt":"2016-05-19T10:47:47","guid":{"rendered":"https:\/\/armbanks.am\/2016\/05\/19\/244684\/"},"modified":"2024-12-15T13:23:45","modified_gmt":"2024-12-15T13:23:45","slug":"central-bank-chairman-says-another-bank-merger-expected","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/05\/19\/98116\/","title":{"rendered":"Central bank chairman says another bank merger expected"},"content":{"rendered":"<p><strong>YEREVAN, May 19. \/ARKA\/.<\/strong> Armenian Central Bank chairman Artur Javadyan announced today an imminent merger of two more banks when presenting the regulator\u2019s report on the implementation of the 2015 monetary policy to parliament.<\/p>\n<p>There are 20 commercial banks in Armenia now. ProCredit Bank was acquired last year by Inecobank. The regulator confirmed also the pre-merger agreement of BTA Bank and Armeconombank.<\/p>\n<p>Javadyan declined to name the banks which are going to merge and the date when it may happen.<br \/>\nIn late 2014 Armenia\u2019s Central Bank raised the minimum amount of commercial banks\u2019 total capital to 30 billion drams from 5 billion drams, to be effective from January 1, 2017.<\/p>\n<p>The measure is aimed at encouraging mergers and consolidation of banks, which is expected to create a sound competitive environment and make banking services more available. ($1 \u2013 478 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian Central Bank chairman Artur Javadyan announced today an imminent merger of two more banks when presenting the regulator\u2019s report on the implementation of the 2015 monetary policy to parliament<\/p>\n","protected":false},"author":1,"featured_media":174178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15418,12386,12233],"class_list":{"0":"post-98116","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-bank-en-2","10":"tag-javadyan","11":"tag-merging"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98116","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=98116"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/174178"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=98116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=98116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=98116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}