ArmInfo. In Q3 2015, the lending by the banks came to a standstill, accelerating the profit sagging amid the continuous "debt utilization". According to the Express Ranking of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), 15 out of the 21 commercial banks of Armenia suffered year-over-year profit decline, and 10 banks experienced profit decline in Q3 2015. In Jan-Sept 2015, 7 banks operated at a loss (6 banks in Q3). Two of them are among the top five largest banks that lend to the sectors of economy. 

ArmInfo. Russian President Vladimir Putin has called for switching more actively to sub-national currencies in mutual settlements in CIS (Commonwealth of Independent States) countries, TASS reports.

ArmInfo. Armenia can refuse the single currency in the Eurasian Economic Union (EEU) if it wants, Armenian economist Vardan Bostanjyan said on September 3, when commenting on Russian President Vladimir Putin's instructions to the Central Bank and the Russian Government about the expediency of creation of a currency union in the EEU.    

Stagnation of the lending market of Armenia with the signs of recession against poor quality of portfolios prevents gaining of the banking revenues from the negative dynamics: the revenues are dwindeleing. According to the data of the Financial Rating of the Banks of Armenia, prepared by the Agency of Rating and marketing information (ArmInfo), in the Q1 of 2015 the aggregate net revenue of the banking system lost grounds for 54.4% in the annual break down against the 14% of the previous year. After the devaluation shock of December, which in fact have frozen the lending and driving the banking system at a loss, in the first quarter of this year a minor upraise is seen, which allowed to end up in gain retaining the slow growth pace in the Quarter 2 as well.