Friday, April 18 2014 15:55

Central Bank: Armenian banks improve the efficiency of their assets


ArmInfo. Armenia's banking system can resist any kinds of short-term shocks, Head of Financial System Stability and Development Department of the Central Bank of Armenia Andranik Grigoryan told journalists on Friday.

He said that the general liquidity of the system has stably stayed within 30%, while the minimum is 15%. "This proves that our banks have improved the efficiency of their high-liquidity assets by turning themr into loans," Grigoryan said.

Meanwhile, according to ArmInfo's Financial Rating of Armenian Banks, the growth rate of bank loans has dropped during the post-crisis period: in 2013 the loan book of Armenia's banking system grew by just 14.4% against 21% in 2012 and 34% in 2011.

Grigoryan said that the CB's stress tests have shown that the current liquidity coefficient is steadily growing. "This index shows how efficient our banks are in meeting their obligations," Grigoryan said.

According to ArmInfo's rating, in 2013 the average current liquidity of Armenia's banking system made up 361.1% (with the minimum being 60%). That was 40% more than in 2012.
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