Tuesday, October 23 2012 20:20

There will be serious consolidation processes in Armenia's banking system in the next two years


ArmInfo. There will be serious consolidation processes in Armenia's banking system in the next two years, Development Manager of Ameriabank Tigran Jrbashyan said during a press- conference on Tuesday.

He said that today banks in Armenia are facing problems with capital adequacy and lending. "In some small banks the leverage is alarmingly low. So, they have two options: either capitalization through organic growth or recapitalization," Jrbashyan said.

Financial Manager of Ameriabank Gevorg Tarumyan said that shortly Armenia will adopt Basel III standard, which implies tougher capital adequacy requirements and may force some banks to consolidate.

Jrbashyan said that Ameriabank will take an active part in the consolidation processes. "We have no problems with capital adequacy and liquidity," he said.

According to ArmInfo's Ranking of Commercial Banks of Armenia, as of July 1 2012 Armenia's capital totaled 387.3bln AMD (10% more than July 1 2011), with capital adequacy making up 24.4% against 27.9% a year before.
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