CB Governor: Armenian banking system currently has no issues in managing potential risks

ArmInfo. At the moment, the Armenian banking system does not have any issues when it comes to countering potential risks. The Chairman of the Central Bank of Armenia, Martin Galstyan, made this statement during a press conference on June 17, when responding to journalists questions about the potential impact of the escalation of the Iran-Israel conflict on  the stability of Armenia's banking system.

Touching upon the goal of increasing the level of bank capitalization   to maintain the stability of the financial system, he recalled that  last year the Central Bank raised the countercyclical capital buffer  from 1.5% to 1.75%, which took effect in May of this year. "We are  talking about an additional capital of approximately 150 billion  drams. In this context, as we are monitoring the situation closely, I  believe we do not have any issues in terms of countering risks," the  head of the Central Bank emphasized.