ArmInfo.The Union of Banks of Armenia today hosted the IMF mission team and the representatives of Armenia's banking sector. The meeting was attended by Alexander Ferenc Tieman, Head of the IMF Mission in Armenia, Ruben Melikyan, Deputy Chairman of the Union of Banks of Armenia and representatives of commercial banks of Armenia.
The meeting aimed to discuss the current macroeconomic situation in Armenia, the prospects for the development of the banking sector, and the key priorities of the field. Discussions covered the main sectors contributing to the economic growth, alongside the dynamics of mortgage and consumer lending.
The participants also addressed the impact of global and regional geopolitical developments, the regulation of monetary and fiscal policies, as well as credit and liquidity risk management. In addition, the agenda also focused on the discussions on digitalization processes and the opportunities and challenges related to crypto-assets.
