ArmInfo. The National Assembly of Armenia approved the candidacy of Martin Galstyan as a member of the Board of the Central Bank of Armenia at the meeting on September 11. As a result of a secret ballot, in which 87 MPs out of 105 took part, 78 parliamentarians voted for Galstyan's candidacy and 9 against.
A day earlier, introducing the vision of his work at the Central Bank, Martin Galstyan noted that Armenia's banking system is stable and sufficiently capitalized. According to him, the services of banking system of Armenia are accessible to the population and economic agents, and a high level of market competitiveness allows to reduce the spread on the rates of active and passive operations and increase the productivity of the activity. As a result, Armenia avoided banking crisis, no bank faced the problem of solvency, the candidate for membership to the Board of the Central Bank of Armenia stressed. Moreover, due to the reforms implemented, the level of the system's indicators is unprecedented, since the ratio of assets of the banking system to the country's GDP reached 80%, and credits / deposits to GDP - 45%.
